Indian Institute Of Technology Tender

The bid capacity required for the tender includes specific financial and experience-based criteria. To be eligible, a bidder must meet the following requirements: 1. Experience: The bidder should have successfully completed similar works with values of at least: - Three works costing not less than Rs. 1,49,22,044 each, - Two works costing not less than Rs. 2,23,83,066 each, - One work costing not less than Rs. 2,98,44,088. The value of executed works is adjusted to the current level by applying a 7% annual increase from the date of completion. 2. Turnover: The bidder's average annual financial turnover should be at least Rs. 1,11,91,533 for the last three consecutive financial years, adjusted to the current value with a 7% annual increase. 3. Financial Capacity: The bidder must provide either a Banker's Certificate for an amount of at least Rs. 1,49,22,044 or a Net Worth Certificate of at least Rs. 37,30,511. These requirements indicate the necessary bid capacity for participating in the tender, focusing on experience, financial turnover, and financial capacity.