New Okhla Industrial Development Authority Tender

The bid capacity required can be calculated based on the estimated cost of the work. 1. Solvency: 40% of the total estimated cost, which is 40% of 56158715.74 = 22463486.30 2. Experience: - Three similar/any other sanitation-related completed works, each costing not less than 40% of the estimated cost put to tender, which is 40% of 56158715.74 = 22463486.30 - OR Two similar/any other sanitation-related completed works, each costing not less than 60% of the estimated cost put to tender, which is 60% of 56158715.74 = 33695229.44 - OR One similar/any other sanitation-related completed work costing not less than 80% of the estimated cost put to tender, which is 80% of 56158715.74 = 44926972.59 3. Turnover: Average annual financial turnover should be at least 30% of the annual cost during the immediate last 3 consecutive financial years. Formulas: - Solvency = 0.4 * Total Estimated Cost - Experience (Three works) = 0.4 * Total Estimated Cost - Experience (Two works) = 0.6 * Total Estimated Cost - Experience (One work) = 0.8 * Total Estimated Cost - Turnover = 0.3 * Annual Cost (average of last 3 years) Additionally, the Earnest Money Deposit (EMD) is Rs 11,46,000/-.