Commercial Taxes Department Tender

To determine the bid capacity required, we look at the experience criteria and estimated bid value. The experience criteria specify that the bidder must have successfully executed similar services over the last three years, with specific requirements: 1. Three similar completed services costing not less than 40% of the estimated cost, which is 0.4 * 58570800 = 23428320. 2. Two similar completed services costing not less than 50% of the estimated cost, which is 0.5 * 58570800 = 29285400. 3. One similar completed service costing not less than 80% of the estimated cost, which is 0.8 * 58570800 = 46856640. The bid capacity required can be any of the following: - Three similar completed services with a total value of at least 23428320 - Two similar completed services with a total value of at least 29285400 - One similar completed service with a value of at least 46856640 Additionally, the minimum average annual turnover required is 500 Lakh (or 5 crore), which implies that the bidder must have an average annual turnover of at least 500 lakhs over the last three years to be eligible to bid. Given the information, the bid capacity required in terms of financial turnover is explicitly mentioned as 500 Lakh, and the experiential capacity requires 3 years of experience in similar services with specific project cost achievements. However, the query asks for bid capacity with value and formulas. The formulas provided are for calculating the required experience-based bid capacity (40%, 50%, and 80% of the estimated bid value), but a direct formula for calculating the overall bid capacity is not provided. The key figure for eligibility is the average annual turnover of 500 lakhs over three years, and the experience criteria provide specific thresholds. Therefore, the bid capacity required includes both financial and experiential components, with the financial component being 500 Lakh and the experiential component requiring specific years of experience and project cost achievements. Since the query asks for a bid capacity with value and formulas, and given that specific numerical values and formulas are provided for the experience criteria but not a direct, singular formula for the bid capacity, the response to the query is: 500 Lakh, with the understanding that this is the minimum average annual turnover required, and additional experiential requirements apply.