Geological Survey Of India Tender

To determine the bid capacity required, we look at the financial and experiential prerequisites. 1. Minimum Average Annual Turnover: A minimum average annual turnover of 85 Lakh for the last 3 years is required, indicating the financial capacity. This is calculated by taking the total turnover for the three years and dividing by 3. 2. Years of Past Experience Required: At least 3 years of experience in providing similar services is necessary, measuring the experiential capacity. 3. Past Experience of Similar Services: The bidder must have past experience in similar services, specifically in outsourced hiring of ground gravity magnetic surveys, with specific criteria including: - Three similar completed services costing not less than 40% of the estimated cost. - Two similar completed services costing not less than 50% of the estimated cost. - One similar completed service costing not less than 80% of the estimated cost. Given these requirements, the bid capacity can be summarized as follows: - Financial Capacity: Minimum average annual turnover of 85 Lakh over the last three years, calculated as Total Turnover for 3 Years / 3. - Experiential Capacity: Completion of similar services as outlined above, with specific cost percentages of the estimated cost, calculated as (Cost of Similar Service / Estimated Cost) * 100. Thus, the bid capacity required includes both financial and experiential components, with specific formulas for calculating average annual turnover and percentages of estimated cost for similar services.