District Rural Development Agency Tender

To determine the bid capacity required, we look at the financial and experiential requirements. 1. Minimum Average Annual Turnover: The bidder must have a minimum average annual financial turnover of 695 Lakh during the last three years. 2. Years of Past Experience: The bidder must have experience in providing similar types of services. 3. Past Experience of Similar Services: The bidder must have successfully executed/completed similar services with specific cost criteria: - Two similar completed services costing not less than 50% of the estimated cost, or - One similar completed service costing not less than 80% of the estimated cost. Given the estimated bid value of 34761655.52, the calculations for the past experience requirements are: 1. 50% of 34761655.52 = 17380827.76 2. 80% of 34761655.52 = 27809324.42 Thus, the bid capacity required is either two similar services with a total value of at least 17380827.76 or one similar service with a value of at least 27809324.42, along with a minimum average annual turnover of 695 Lakh. The bid capacity can be summarized as: - Financial Capacity: Minimum average annual turnover of 695 Lakh. - Experiential Capacity: Successful execution of similar services with costs meeting the specified percentages of the estimated cost. Formulas for experiential capacity are: - For two similar services: Total Cost ≥ 0.5 * Estimated Cost - For one similar service: Total Cost ≥ 0.8 * Estimated Cost Given the estimated bid value, the specific bid capacity required in terms of value is either two similar services with a total value of at least 17380827.76 or one similar service with a value of at least 27809324.42.