New Okhla Industrial Development Authority Tender

The bid capacity required in the given tender to bid is as follows: 1. Solvency: 14147482.98, calculated using the formula: Solvency = 0.4 * Total Estimated Cost 2. Experience: - Three similar/any other sanitation-related completed works each costing not less than 14147482.98, using the formula: Experience (three works) = 0.4 * Total Estimated Cost - Or, two similar/any other sanitation-related completed works each costing not less than 21221224.48, using the formula: Experience (two works) = 0.6 * Total Estimated Cost - Or, one similar/any other sanitation-related completed work costing not less than 28294965.97, using the formula: Experience (one work) = 0.8 * Total Estimated Cost 3. Turnover: Average annual financial turnover should be at least 10610612.24, calculated using the formula: Turnover = 0.3 * Total Estimated Cost Additionally, the bid capacity required involves the Earnest Money Deposit (EMD) of Rs 7,22,000/- and an additional performance guarantee/security, calculated as: - 0.5% per one percent up to 10% below the rate quoted in the Bill of Quantity (B.O.Q) - 1% per one percent on the rate quoted beyond 10% below the rate quoted in the Bill of Quantity (B.O.Q)