Food Corporation Of India Tender

The required prior work experience for the bidder involves successfully executing or completing similar services over the last three years. The specific 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 43200000, the amounts for the requirements can be calculated as: 1. 40% of 43200000, 2. 50% of 43200000, 3. 80% of 43200000. Calculating these values: 1. 40% of 43200000 = 0.4 * 43200000 = 17280000, 2. 50% of 43200000 = 0.5 * 43200000 = 21600000, 3. 80% of 43200000 = 0.8 * 43200000 = 34560000. Therefore, the bidder needs to have completed similar services with costs of at least these calculated amounts, corresponding to the specified percentages of the estimated bid value.