Food Corporation Of India Tender

The required prior work experience for the bidder is "Yes" for similar services. The bidder must have successfully executed/completed similar services over the last three years. The requirements are 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 29700000, the values can be calculated as: 1. 40% of the estimated cost, which is 0.4 * 29700000 = 11880000 for three similar completed services; 2. 50% of the estimated cost, which is 0.5 * 29700000 = 14850000 for two similar completed services; 3. 80% of the estimated cost, which is 0.8 * 29700000 = 23760000 for one similar completed service. Alternatively, another estimated cost of 20000000 INR is mentioned, resulting in the following values: 1. 40% of 20000000 INR, which is 8000000 INR for three similar completed services; 2. 50% of 20000000 INR, which is 10000000 INR for two similar completed services; 3. 80% of 20000000 INR, which is 16000000 INR for one similar completed service.