North Eastern Railway Tender

To determine the bid capacity required, we look at the financial and experiential requirements. The bidder must have a minimum average annual turnover and years of past experience in providing similar services. Additionally, the ability to provide a performance security is required. For similar services, the bidder must have successfully executed or completed services with specific value criteria: - At least 18685066.8844 for three similar services, - At least 23356333.6055 for two similar services, or - At least 37370133.6688 for one similar service. These values are derived from percentages of the estimated bid value, which is 46712667.211. The formulas for these calculations are: - 3 * (similar service cost) ≥ 0.4 * (estimated cost) - 2 * (similar service cost) ≥ 0.5 * (estimated cost) - 1 * (similar service cost) ≥ 0.8 * (estimated cost) The bid capacity required includes both financial and experiential components, along with the ability to provide a performance security as specified. The financial capacity requirement is a minimum average annual turnover of 233 Lakh for 3 years. The experiential capacity requires 3 years of experience in providing similar services. The security capacity involves the ability to provide an ePBG of 5.00% for 38 months. Therefore, the bid capacity required for the tender includes: - Financial Capacity: Minimum average annual turnover of 233 Lakh for 3 years. - Experiential Capacity: 3 years of experience in similar services, with specific cost criteria for similar completed services. - Security Capacity: Ability to provide an ePBG of 5.00% for 38 months.