Directorate General Defence Estates Tender

Average Annual Turnover (over the last 3 years) ≥ 0.3 * Estimated Cost of Work. In the given scenario, the estimated cost of the work is Rs.10,00,00,000, so the Average Annual Turnover required would be ≥ 0.3 * Rs.10,00,00,000 = Rs.3,00,00,000. Additionally, the bidder should have successfully completed similar works with a value equal to or more than a certain percentage of the estimated cost. The options are: - Three similar completed works costing not less than 40% of the estimated cost, which is 40% * Rs.10,00,00,000 = Rs.4,00,00,000. - Two similar completed works costing not less than 50% of the estimated cost, which is 50% * Rs.10,00,00,000 = Rs.5,00,00,000. - One similar completed work costing not less than 80% of the estimated cost, which is 80% * Rs.10,00,00,000 = Rs.8,00,00,000. Formulas: - Average annual turnover: 30% * Estimated Cost - Completed similar works: - Three works: 40% * Estimated Cost - Two works: 50% * Estimated Cost - One work: 80% * Estimated Cost The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum. Formula for value of executed works: Actual Value * (1 + 7% * number of years)