Employees State Insurance Corporation Tender

The bid capacity required in the given tender is as follows: 1. Annual Turnover: The average annual financial turnover should not be less than 30% of the estimated cost during the immediate last 3 consecutive financial years. Formula: Average Annual Turnover ≥ 0.3 * Estimated Cost 2. Estimated Cost: The estimated cost is Rs. 2,89,77,206/-. 3. Value of Completed Works: 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. Formula: Current Costing Level = Actual Value of Work * (1 + 0.07 * Number of Years) Additionally, the bidder needs to quote the centage charges in percentage of the estimated cost with two decimal places greater than zero. Formula: Centage Charges = (Value of Work Executed or Estimated Cost) * (Centage Charges Percentage / 100) Where Centage Charges Percentage is the percentage quoted by the bidder.