National Institute Of Technology Tender

Class I and Class II, as per DPIIT guidelines.

The bid capacity required can be determined based on the experience criteria and estimated bid value. The required bid capacity can be any one of the following: - Three similar completed services with a total value of at least 20294182.4 - Two similar completed services with a total value of at least 25367728 - One similar completed service with a total value of at least 40588364.8 Alternatively, it can also be: - Three similar completed services costing not less than 40% of the estimated cost (40,000,000) - Two similar completed services costing not less than 50% of the estimated cost (50,000,000) The formulas based on the given conditions are: - For three similar services: 3 * Service Cost ≥ 0.4 * Estimated Bid Value - For two similar services: 2 * Service Cost ≥ 0.5 * Estimated Bid Value - For one similar service: 1 * Service Cost ≥ 0.8 * Estimated Bid Value The most straightforward answer related to the estimated bid value would be at least 40588364.8 (80% of the estimated cost for one similar completed service).