RITES Limited Tender

The required prior work experience for the bidder involves having successfully executed or completed similar services over the last three years, with specific conditions related to the cost of these services. There are three scenarios provided: 1. The bidder must have completed three similar services, each costing not less than 40% of the estimated cost, which is 10148000. 2. Alternatively, the bidder must have completed two similar services, each costing not less than 50% of the estimated cost, which amounts to 12685000. 3. Another option is having completed one similar service costing not less than 80% of the estimated cost, which is 20316000. The estimated cost referenced in these conditions is 25370000. Additionally, the bidder is required to have 7 years of past experience in providing similar services, with a minimum average annual financial turnover of 100 Lakh during the last three years. However, specific percentages of similar works completed are only mentioned in the context of the three scenarios related to the cost of services, which are 40%, 50%, and 80%.