Employees State Insurance Corporation Tender

The bid capacity required to bid on the given tender includes the following values and formulas: - Three similar completed services with a total value of at least 9720000 - Two similar completed services with a total value of at least 12150000 - One similar completed service with a value of at least 19440000 These values are calculated based on the estimated bid value of 24300000, using the following percentages: - 40% of the estimated cost for three similar completed services - 50% of the estimated cost for two similar completed services - 80% of the estimated cost for one similar completed service Additionally, the bid capacity required includes a minimum average annual turnover of the bidder, which is specified as 55 Lakh for 3 years. The years of past experience required for the same or similar service is implied to be 3 years, given the context of the minimum average annual turnover requirement. Past experience of similar services is required, with specific conditions for exemption applicable to Micro or Small Enterprises and Startups, subject to meeting quality and technical specifications. Formulas for calculating the bid capacity required are provided as: 1. 40% of the estimated cost 2. 50% of the estimated cost 3. 80% of the estimated cost These formulas are used to determine the minimum value of similar completed services required to meet the bid capacity criteria.