Life Insurance Corporation Of India Tender

The bid capacity required in the given tender to bid having value and formulas are as follows: 1. Minimum average annual financial turnover: 1000 Lakh (100 million INR) over the last three years. 2. Years of Past Experience: 3 years of experience in similar services. 3. Estimated Bid Value: 29,300,000. 4. Past Experience of Similar Services: - Three similar completed services costing not less than 40% of the estimated cost: 3 * 0.4 * 29,300,000 = 35,160,000 - Two similar completed services costing not less than 50% of the estimated cost: 2 * 0.5 * 29,300,000 = 29,300,000 - One similar completed service costing not less than 80% of the estimated cost: 1 * 0.8 * 29,300,000 = 23,440,000 Formulas: - For three similar services: 3 * 0.4 * Estimated Bid Value - For two similar services: 2 * 0.5 * Estimated Bid Value - For one similar service: 1 * 0.8 * Estimated Bid Value Additional requirements include: - EMD: 587200 INR - ePBG: 5.00% of the contract value for 14 months.