Housing And Urban Development Corporation Limited Tender

The required prior work experience for the bidder includes having successfully executed or completed similar services over the last three years. The experience criteria are specified in terms of the number of similar completed services and their costs relative to the estimated cost of the project. The bidder must have completed: - Three similar services costing not less than 40% of the estimated cost, - Two similar services costing not less than 50% of the estimated cost, - One similar service costing not less than 80% of the estimated cost. Given the estimated cost is 21700000, the specific values are: - 40% of 21700000, which equals 8680000, - 50% of 21700000, which equals 10850000, - 80% of 21700000, which equals 17360000. These percentages and amounts indicate the minimum cost thresholds for similar services that the bidder must have completed to meet the prior work experience requirements.