New Okhla Industrial Development Authority Tender

To extract the bid capacity required in the given tender, we look at the specific details related to financial or technical capabilities that a bidder must possess. 1. Proof of Solvency: The minimum solvency required is 40% of the total estimated cost put to tender. For a total estimated cost of 56158715.74, the solvency required is 40% of this amount, which equals 22463486.30. 2. Experience: The bidder should have completed works similar to the tender during the last 7 years, with a total value of either: - Three similar works, each costing not less than 40% of the estimated cost. - Two similar works, each costing not less than 60% of the estimated cost. - One similar work costing not less than 80% of the estimated cost. 3. Turnover: The average annual financial turnover should be at least 30% of the annual cost during the last 3 consecutive financial years. Assuming the annual cost is derived from the total estimated cost, the required average annual turnover can be calculated as 30% of the total estimated cost divided by 3, which equals 16847614.72 per year. Additionally, there's a mention of an additional performance guarantee/security in case the rate quoted is below the Bill of Quantity (B.O.Q) rate, calculated as: - 0.5% of the contract value for every 1% below the B.O.Q rate, up to 10% below the rate. - 1% of the contract value for every 1% below the B.O.Q rate, beyond 10% below the rate. Given these requirements, the bid capacity can be summarized as follows: - Solvency: 40% of the total estimated cost = 22463486.30 - Experience: Varies based on the number and value of similar works completed - Turnover: Average annual turnover of at least 16847614.72 over the last 3 years. However, a specific bid capacity value is also mentioned as Rs 11,46,000/- (Rupees Eleven Lakh Forty Six Thousand Only) as the Earnest Money Deposit (EMD). Therefore, the bid capacity required includes both a financial solvency component and an experience component, with specific values and formulas provided for each.