Land Ports Authority Of India Tender

The bid capacity required to bid includes specific financial and experiential requirements. - Financial Capacity: The bidder must have a minimum average annual turnover of 500 Lakh (50 million) rupees over the last 3 years. - Experiential Capacity: The bidder must have successfully executed/completed similar services over the last three years, with specifics including: - Three similar completed services costing not less than 40% of the estimated cost. - Two similar completed services costing not less than 50% of the estimated cost. - One similar completed service costing not less than 80% of the estimated cost. Additionally, the bidder must have at least 3 years of experience in providing the same or similar services. There are no complex formulas provided for calculating the bid capacity beyond meeting these specific thresholds. However, a related formula regarding pricing for MSE (Micro and Small Enterprises) service providers is mentioned, which involves awarding 100% of the order quantity to an MSE bidder if their quoted price falls within a certain margin of the L1 bid price, but this does not directly relate to calculating bid capacity. Given the information, the bid capacity is essentially about meeting the outlined financial and experiential requirements rather than a calculated formula.