Income Tax Department Tender

The bid capacity required in the given tender includes specific values and formulas related to past experience, minimum average annual turnover, and cost calculations. Values: 1. Minimum Average Annual Turnover of the bidder: 800 Lakh (Rs) 2. Years of Past Experience Required for same/similar service: 7 Years 3. Minimum daily wage (INR) exclusive of GST: 899 4. Bonus (INR per day): 0 5. EDLI (INR per day): 0 6. EPF Admin Charge (INR per day): 0 7. Optional Allowances 1, 2, and 3 (INR per day): 0 8. ESI (INR per day): 26.25 9. Provident Fund (INR per day): 75 Formulas: 1. Total cost per day per resource = Minimum daily wage + ESI + EPF 2. Total cost per month per resource = Total cost per day per resource * Number of working days in a month 3. Total contract value = Total cost per month per resource * Number of resources * Contract duration in months Additionally, for determining bid capacity based on past experience: - Three similar completed services costing not less than 40% of the estimated cost (8,000,000) - Two similar completed services costing not less than 50% of the estimated cost (10,000,000) - One similar completed service costing not less than 80% of the estimated cost (16,000,000) Penalty formulas: - Penalty for late reporting: Rs. 100/- per day per worker - Penalty for non-reporting: Rs. 1,000/- per day per worker - Penalty for refusal of duties: Rs. 1,000/- per instance - Penalty for non-observance of dress-code: Rs. 100/- per instance These values and formulas are crucial for bidders to understand the bid capacity required and to prepare their bids accordingly.