Security Printing And Minting Corporation Of India Limited Tender

The required prior work experience for the bidder is 1 Year. The bidder should have experience in same/similar services and past experience of similar services is required. For similar works completed, the requirements are as follows: 1. Three similar completed services costing not less than 40% of the estimated cost; 2. Two similar completed services costing not less than 50% of the estimated cost; 3. One similar completed service costing not less than 80% of the estimated cost. Additionally, the minimum average annual turnover of the bidder for 3 years is 335 Lakh. Micro or Small Enterprises and Startups are exempted from the requirement of "Bidder Turnover" criteria and "Experience Criteria" subject to meeting of quality and technical specifications. There is also a mention of a 15% margin of purchase preference/price band, but this is related to the order quantity to be awarded to an MSE bidder, not directly to the experience or similar works completed.