Oil And Natural Gas Corporation Limited Tender

To determine the bid capacity required, we look at the experience and financial requirements specified for the bidder. The tender specifies that the bidder should have: - Minimum 3 years of experience in providing similar services. - Successfully completed works of similar nature during the last seven years, with specific cost requirements: (a) Three similar works each costing not less than 40% of the estimated cost put to tender, which is ₹3,91,77,362.84 (40% of ₹9,79,43,407.10). (b) Two similar works each costing not less than 50% of the estimated cost put to tender, which is ₹4,89,71,703.55 (50% of ₹9,79,43,407.10). (c) One similar work each costing not less than 80% of the estimated cost put to tender, which is ₹7,83,54,725.69 (80% of ₹9,79,43,407.10). Therefore, the bid capacity required can be summarized with the following values and formulas: - Estimated cost of the tender: ₹9,79,43,407.10 - Minimum experience: 3 years - Minimum cost of similar works: - 3 works: 3 * 40% of ₹9,79,43,407.10 = 3 * ₹3,91,77,362.84 = ₹11,75,32,088.52 - 2 works: 2 * 50% of ₹9,79,43,407.10 = 2 * ₹4,89,71,703.55 = ₹9,79,43,407.10 - 1 work: 1 * 80% of ₹9,79,43,407.10 = ₹7,83,54,725.69 Given these specifics, the bid capacity in terms of financial and experience requirements is outlined above.