Food Corporation Of India Tender

View complete overview of Chandigarh FCI Tender

Food Corporation Of India - FCI Tender

Services
Transportation and Logistics
Minerals and Mining
GEM
Opening Date18 Feb 2025
Closing Date11 Mar 2025
Tender Amount₹ 5,52,20,000 

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be determined using the following conditions and formulas based on the estimated bid value: 1. For three similar services: at least 40% of the estimated bid value. Formula: 0.4 * estimated bid value Examples: - For an estimated bid value of 55220000: 0.4 * 55220000 = 22088000 - For an estimated bid value of 23352000 INR: 0.4 * 23352000 = 9340800 INR 2. For two similar services: at least 50% of the estimated bid value. Formula: 0.5 * estimated bid value Examples: - For an estimated bid value of 55220000: 0.5 * 55220000 = 27610000 - For an estimated bid value of 23352000 INR: 0.5 * 23352000 = 11676000 INR 3. For one similar service: at least 80% of the estimated bid value. Formula: 0.8 * estimated bid value Examples: - For an estimated bid value of 55220000: 0.8 * 55220000 = 44176000 - For an estimated bid value of 23352000 INR: 0.8 * 23352000 = 18681600 INR Therefore, the bid capacity required can be expressed as having at least one of the following: - Three similar services with a total value of at least 40% of the estimated bid value. - Two similar services with a total value of at least 50% of the estimated bid value. - One similar service with a value of at least 80% of the estimated bid value.
Technical Capacity
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The required prior work experience for the bidder is mentioned as "Past Experience of Similar Services required" with the value "Yes". The bidder must have successfully executed/completed similar services over the last three years. The requirements are as follows: 1. Three similar completed services costing not less than 40% of the estimated cost. 2. Two similar completed services costing not less than 50% of the estimated cost. 3. One similar completed service costing not less than 80% of the estimated cost. The estimated cost is 23352000 INR and another estimated bid value is 55220000. The percentages of similar works completed are 40%, 50%, and 80% of the estimated cost. The amounts are 40% of 23352000 INR, 50% of 23352000 INR, and 80% of 23352000 INR for the respective similar completed services.

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