Gujarat State Electricity Corporation Limited Tender

The bid capacity required to bid has three possible options, each with a specific value and formula based on the estimated cost. 1. One order of value not less than 80% of the estimated cost. 2. Two orders, each of value not less than 50% of the estimated cost. 3. Three orders, each of value not less than 40% of the estimated cost. Additionally, the financial qualification criteria include an Average Annual Turnover and Net worth. The Net worth can be calculated using the formula: Net worth = Paid-up share capital + Free reserves. For combined Net worth, the formula is: Net worth (combined) = (x1+x2+X3)/(y1+y2+y3) X 100. A solvency certificate with a value of at least 20% of the estimated cost of the work is also required, which can be calculated as: Solvency Certificate Value = 0.20 * Estimated Cost of Work. Given the estimated cost of work is Rs. 31263360, the solvency certificate value would be: Solvency Certificate Value = 0.20 * 31263360 = Rs. 6252672.