New Okhla Industrial Development Authority Tender

To determine the bid capacity required, we look at specific details related to financial or technical capabilities that a bidder must possess. The requirements include solvency, experience, and turnover. 1. Solvency: The bidder must have a solvency of at least 40% of the total estimated cost of the project, which is Rs. 9,296,405.00. 2. Experience: The experience criteria require the bidder to have completed works similar to the project during the last 7 years, with options including: - Three similar completed works, each costing not less than 40% of the estimated cost put to tender, which is Rs. 9,296,405.00. - Two similar completed works, each costing not less than 60% of the estimated cost put to tender, which is Rs. 13,944,607.20. - One similar completed work costing not less than 80% of the estimated cost put to tender, which is Rs. 18,592,809.60. 3. Turnover: The average annual financial turnover on construction works should be at least 30% of the estimated cost during the immediate last 3 consecutive financial years, which is Rs. 6,972,303.60. Additionally, the bid capacity required involves 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 rate quoted beyond 10% below the rate. This information outlines the necessary bid capacity for participating in the tender, including specific financial and technical requirements.