Indian Bank Tender

The required prior work experience for the bidder is 5 years of experience in providing similar type of services to any Central/State Govt Organization/PSU. The bidder must have successfully executed/completed similar services over the last three years. There are specific requirements for similar completed services, which are as follows: 1. Three similar completed services costing not less than the amount equal to 40% of the estimated cost; 2. Two similar completed services costing not less than the amount equal to 50% of the estimated cost; 3. One similar completed service costing not less than the amount equal to 80% of the estimated cost. Additionally, the estimated bid value is 41600000, and the minimum average annual financial turnover of the bidder during the last three years should be as indicated in the bid document. However, another source mentions the minimum average annual turnover of the bidder for 3 years as 1600 Lakh. No specific percentage of similar works completed is mentioned in some sources, but the bidder needs to provide copies of relevant contracts/orders to support their experience. The years of past experience required for the same/similar service is 5 years.