North East Frontier Railway Tender

To determine the bid capacity required, we look at the estimated bid value and the criteria related to turnover and experience. The estimated bid value is given as 70086594.07. For the bid capacity, the criteria mention that the bidder must have successfully executed/completed similar services over the last three years, with specific conditions: 1. Three similar completed services costing not less than 40% of the estimated cost, which equals 28034677.63. 2. Two similar completed services costing not less than 50% of the estimated cost, which equals 35043297.035. 3. One similar completed service costing not less than 80% of the estimated cost, which equals 56069275.256. Additionally, the bidder must have a minimum average annual financial turnover of 351 Lakh (s) during the last three years and 3 years of past experience in providing similar services. The bid capacity required in terms of similar service costs is: - At least 28034677.63 for three similar services, - At least 35043297.035 for two similar services, or - At least 56069275.256 for one similar service. Formulas for bid capacity based on past experience are: - For Three Similar Completed Services: 3 * Service Cost ≥ 0.4 * Estimated Cost - For Two Similar Completed Services: 2 * Service Cost ≥ 0.5 * Estimated Cost - For One Similar Completed Service: 1 * Service Cost ≥ 0.8 * Estimated Cost The bid capacity also includes a financial component of a minimum average annual turnover of 351 Lakh (s) and an experiential component of 3 years of experience in similar services.