National Institute For Locomotor Disabilities Tender

To determine the bid capacity required, we look at the conditions related to past experience and financial turnover. The bidder must have successfully executed/completed similar services over the last three years, with specific requirements: 1. Three similar completed services costing not less than 40% of the estimated cost; 2. Two similar completed services costing not less than 50% of the estimated cost; or 3. One similar completed service costing not less than 80% of the estimated cost. Given the Estimated Bid Value is 32582052, we can calculate the required bid capacity as follows: 1. For three similar completed services: 40% of 32582052 = 0.4 * 32582052 = 13032820.8 2. For two similar completed services: 50% of 32582052 = 0.5 * 32582052 = 16291026 3. For one similar completed service: 80% of 32582052 = 0.8 * 32582052 = 26065641.6 Therefore, the bid capacity required can be either: - Three similar services with a total value of at least 13032820.8 - Two similar services with a total value of at least 16291026 - One similar service with a total value of at least 26065641.6 Additionally, the minimum average annual turnover of the bidder for 3 years is 600 Lakh (which is 60 million in numerical value). The bid capacity required involves meeting these specific past experience and financial turnover criteria. The minimum average annual turnover is 600 Lakh, and the years of past experience required is 3 years of experience in providing similar types of services. However, specific values for average annual turnover and years of past experience are provided, and there are direct formulas given for calculating the bid capacity. The response to the query about extracting bid capacity with value and formulas is: The bid capacity required in the given tender includes: 1. Minimum Average Annual Turnover: 600 Lakh (or 60 million) for the last 3 years. 2. Years of Past Experience Required: 3 Years of experience in providing similar type of services. 3. Past Experience Formulas: - 3 services ≥ 40% of the estimated cost = 13032820.8 - 2 services ≥ 50% of the estimated cost = 16291026 - 1 service ≥ 80% of the estimated cost = 26065641.6 Exemptions are given to Micro or Small Enterprise and Startup, subject to meeting quality and technical specifications.