Indian Audit And Accounts Department Tender

The bid capacity required involves meeting specific financial and experiential criteria. The financial capacity is a minimum average annual turnover of 500,000 for 3 years, calculated as Total turnover for the last three years / 3. The experiential capacity requires 3 years of experience in similar services, with specific project cost achievements. The criteria include having completed similar services with costs not less than 40%, 50%, or 80% of the estimated cost, depending on the number of services. Given the estimated bid value of 26290316, the experiential criteria can be numerically represented as: - Three similar completed services costing not less than 40% of 26290316. - Two similar completed services costing not less than 50% of 26290316. - One similar completed service costing not less than 80% of 26290316. Thus, the bid capacity can be summarized as: - Minimum average annual turnover of 500,000 for 3 years. - 3 years of experience with at least one of the specified similar service cost criteria. Formulas: - Average turnover = Total turnover for the last three years / 3 - Experience criteria = Number of years of experience in providing similar services, with specific cost criteria based on the estimated bid value. Therefore, the bid capacity required is 500,000, with the understanding that it also involves meeting specific experiential criteria related to the estimated bid value of 26290316.