Small Industries Development Bank Of India Tender

The required prior work experience for the bidder includes having successfully executed or completed similar services over the last three years, with specific requirements 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. The estimated bid value is 50,000,000. To meet the 40% requirement, the bidder must have completed services costing at least 40% of 50,000,000, which is 20,000,000. For the 50% requirement, the bidder must have completed services costing at least 50% of 50,000,000, which is 25,000,000. For the 80% requirement, the bidder must have completed services costing at least 80% of 50,000,000, which is 40,000,000. Additionally, the bidder must have experience of 5 years in similar kind of engagement.