Jammu And Kashmir State Agro Industries Development Corporation Limited Tender

To determine the bid capacity required, specific details such as financial requirements, turnover, or other capacity-related metrics that bidders must meet to be eligible are necessary. From the information provided, key points related to bid capacity and requirements can be identified: 1. Annual Turnover: The average annual total turnover/revenue from operations for the last three financial years should be of value not less than 30% of the estimated cost. 2. Experience: - Three similar completed works costing not less than 40% of the estimated cost. - Two similar completed works costing not less than 50% of the estimated cost. - One similar completed work costing not less than 80% of the estimated cost. Formulas for experience criteria are: - For three similar works: 3 * (similar work cost) ≥ 0.4 * (estimated cost) - For two similar works: 2 * (similar work cost) ≥ 0.5 * (estimated cost) - For one similar work: 1 * (similar work cost) ≥ 0.8 * (estimated cost) These details outline the bid capacity required for the tender, focusing on financial capability and experience in similar works.