Employees State Insurance Corporation Tender

The bid capacity required in the given tender includes two main aspects: Annual Turnover and Experience in similar works, as well as centage charges. 1. Annual Turnover: The average annual financial turnover of the Construction Agency should not be less than 30% of the estimated cost during the immediate last 3 consecutive financial years. The estimated cost is Rs. 3,42,31,276, so the average annual financial turnover should be at least 30% of this amount, which is: - 30% of Rs. 3,42,31,276 = 0.3 * 3,42,31,276 = Rs. 1,02,69,383. 2. Experience: The experience requirement is defined in terms of "similar works", which includes Annual Repairs and Maintenance of Hospital/Office buildings with or without residential staff quarters, and Extension/Renovation of existing Hospital/office buildings with or without residential staff quarters. The value of completed works shall be brought to the current costing level by enhancing the actual value of work at a simple enhancement rate of 7% per annum calculated from the date of completion to the last date of receipt of the application for the bid document. 3. Cengage Charges: The bidder needs to quote centage charges as a percentage of the estimated cost, with the estimated cost being Rs.3,42,31,276/-. The centage charges should be quoted in percentage of estimated cost with two decimal places greater than zero, both in figures and words distinctly. No specific formula is provided for calculating the bid capacity, but the bidder needs to demonstrate their experience and financial capability to undertake the work.