Directorate Of Medical Education And Training Tender

To determine the bid capacity required, we look at the criteria related to past experience and turnover. The tender specifies that the bidder must have successfully executed or completed similar services over the last three years, with specific value criteria as follows: 1. Three similar completed services costing not less than 40% of the estimated cost. 2. Two similar completed services costing not less than 50% of the estimated cost. 3. One similar completed service costing not less than 80% of the estimated cost. Given the estimated bid value is 374629891.41, we can calculate the required bid capacity as follows: 1. For three similar services: 40% of 374629891.41 = 0.4 * 374629891.41 = 149851956.56 - So, three services each costing not less than 149851956.56 / 3 = 49950618.8533 2. For two similar services: 50% of 374629891.41 = 0.5 * 374629891.41 = 187314945.705 - So, two services each costing not less than 187314945.705 / 2 = 93657472.8525 3. For one similar service: 80% of 374629891.41 = 0.8 * 374629891.41 = 299703913.128 - So, one service costing not less than 299703913.128 Therefore, the bid capacity required can be summarized as: - At least one service worth 299703913.13 or more, - Or at least two services each worth 93657472.85 or more, - Or at least three services each worth 49950618.85 or more. Additionally, the bidder must have a minimum average annual financial turnover of 1123 Lakh (s) over the last three years and 3 years of past experience in providing similar services. The bid capacity can be understood in terms of financial capability (minimum average annual turnover) and experiential capability (years of experience in similar services). The requirements can be summarized as follows: - Financial Capacity: The bidder must have a minimum average annual turnover of 1123 Lakh (11.23 Crore INR) over the last three years. - Experiential Capacity: The bidder must have at least 3 years of experience in providing similar services.