Municipal Corporation Tender

The bid capacity required in the given tender includes financial and technical requirements. Financially, the bidder should have an average annual turnover of Rs.4.25 Crore for the preceding last three financial years. A bank solvency certificate of Rs.2.13 Crore is also required. In terms of experience, the bidder should have a minimum of five years of experience in providing security guards and services to reputed companies or government organizations. For successful completion of assignments, the bidder should have completed at least one assignment with 280 security personnel, or two assignments with 175 security personnel, or three assignments with 140 security personnel in the last three years. The key personnel requirement includes having a person to head the security division who is either a retired commissioned officer from the defense services with at least ten years of service or an officer who has served in the police department at the rank of Deputy Superintendent of Police or higher for at least ten years. The formulas for calculating the final rate for security personnel include components such as basic wage, VDA, EPF, EDLI, admin charge, ESIC, and bonus. The exact formulas are: 1. Total Minimum Wages = Basic Wage + VDA 2. EPF, EDLI, Admin Charge = 13% of Total Minimum Wages 3. ESIC = 3.25% of Total Minimum Wages 4. Bonus = 8.33% of Total Minimum Wages 5. Final Rate = Total Minimum Wages + EPF, EDLI, Admin Charge + ESIC + Bonus + Agency/Service Charges (if any) Using example figures, the final rate for an unskilled security guard for 8 hours of duty per day can be calculated by summing up these components. Therefore, the bid capacity required includes the ability to calculate and quote prices based on these formulas and components, ensuring compliance with minimum wages and other regulations.