Higher Education Department Tender

The bid capacity required can be determined using the following formulas and values: 1. For three similar services: 40% of the estimated bid value, which is 0.4 * 37,000,000 = 14,800,000 2. For two similar services: 50% of the estimated bid value, which is 0.5 * 37,000,000 = 18,500,000 3. For one similar service: 80% of the estimated bid value, which is 0.8 * 37,000,000 = 29,600,000 Additionally, the bidder must have a minimum average annual financial turnover of 185 Lakh (s) over the last three years and 3 years of past experience in providing similar services. The bid capacity required includes both a financial component (minimum turnover) and an experiential component (years of experience and type of services provided). The specific values for bid capacity are 14,800,000, 18,500,000, or 29,600,000, based on the number of similar services completed.