New Okhla Industrial Development Authority Tender

To determine the bid capacity required, we look at the eligibility criteria provided. 1. Solvency: 40% of the total estimated cost, which is 40% of 73951652.34 = 29580660.94 2. Experience: - Three similar works, each costing not less than 40% of the estimated cost put to tender: 3 * 29580660.94 - Two similar works, each costing not less than 60% of the estimated cost put to tender: 2 * 44370991.40 - One similar work costing not less than 80% of the estimated cost put to tender: 1 * 59161321.87 3. Turnover: Average annual financial turnover should be at least 30% of the annual cost during the immediate last 3 consecutive financial years. The bid capacity required can be summarized as follows: - Solvency: 29580660.94 - Experience: - 3 * 29580660.94 (for three similar works) - 2 * 44370991.40 (for two similar works) - 1 * 59161321.87 (for one similar work) - Turnover: Average annual turnover >= 30% of the annual cost of the project. Additionally, there's a requirement for an additional performance guarantee/security if the rate quoted is below the Bill of Quantity (B.O.Q) rate, calculated as: - 0.5% per one percent up to 10% below rate - 1% per one percent on rate quoted beyond 10% below rate Also, the Earnest Money Deposit (EMD) is Rs 15,09,000/-. These values and formulas indicate the capacity requirements for bidding on the tender.