New Okhla Industrial Development Authority Tender

To extract the bid capacity required in the given tender, we look at the various requirements provided. 1. Solvency: The minimum solvency required is 40% of the total estimated cost put to tender. Given the total estimated cost of the project is Rs. 73,951,652.34, we can calculate the solvency as 40% of this cost, which equals Rs. 29,580,660.94. 2. Experience: The tenderer should have completed works similar to the tendered item, with specific values or alternatives provided: - Three similar/any other sanitation-related completed works, each costing not less than 40% of the estimated cost put to tender, which is Rs. 29,580,660.94. - Two similar/any other sanitation-related completed works, each costing not less than 60% of the estimated cost put to tender, which is Rs. 44,370,991.40. - One similar/any other sanitation-related completed work costing not less than 80% of the estimated cost put to tender, which is Rs. 59,161,321.87. 3. Turnover: The average annual financial turnover should be at least 30% of the annual cost. Considering the project's total cost as a basis for calculation, 30% of Rs. 73,951,652.34 equals Rs. 22,185,495.70. 4. Earnest Money Deposit (EMD): The EMD is Rs 15,09,000/-. Additionally, there's a performance guarantee/security that the contractor has to deposit, which is calculated based on the rate quoted by the contractor and the Bill of Quantity (B.O.Q) rate: - 0.5% per one percent up to 10% below rate - 1% per one percent on rate quoted beyond 10% below rate Therefore, the bid capacity required in terms of value and formulas can be summarized as follows: - Solvency: 40% of the total project cost, which is Rs. 29,580,660.94. - Experience: - Three similar works at 40% each of the total project cost, which is Rs. 29,580,660.94. - Two similar works at 60% each of the total project cost, which is Rs. 44,370,991.40. - One similar work at 80% of the total project cost, which is Rs. 59,161,321.87. - Turnover: Average annual financial turnover of at least 30% of the project's total cost over the last three financial years, which is Rs. 22,185,495.70. - Earnest Money Deposit (EMD): Rs 15,09,000/-. - Performance Guarantee/Security: Calculated based on the rate quoted and the B.O.Q rate.