Department Of Heavy Industry Tender

To determine the bid capacity required, we need to look at the financial and experiential requirements. 1. Financial Capacity (Turnover): The minimum average annual turnover of the bidder during the last three years should be 10 Lakh. 2. Experience: The bidder must have successfully executed/completed similar services over the last three years, with specific criteria: - 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. 3. Exemptions for MSE and Startup: If the bidder is a Micro or Small Enterprise (MSE) or a Startup, they are exempted from the "Bidder Turnover" criteria and "Experience Criteria" subject to meeting quality and technical specifications. Given these points, the bid capacity required in terms of value and formulas can be summarized as follows: - Financial Turnover: Minimum average annual turnover of 10 Lakh over the last three years. - Experience: - For non-exempt bidders, the experience can be calculated based on the completion of similar services with costs meeting at least one of the following thresholds: - 3 services ≥ 40% of the estimated cost. - 2 services ≥ 50% of the estimated cost. - 1 service ≥ 80% of the estimated cost. - For MSEs and Startups, experience and turnover criteria can be exempted if they meet quality and technical specifications. Since specific formulas are not directly provided but rather conditions, the above explanation outlines the capacity requirements based on the given tender details.