Rural Development Department Tender

To determine the bid capacity required, one must consider two primary factors: financial turnover and experience criteria. The financial aspect requires a minimum average annual financial turnover. For the experience criteria, there are specific conditions related to the completion of similar services within a certain timeframe and at certain cost thresholds. These conditions can be summarized into formulas based on the estimated cost of the tender and the costs of similar services completed. 1. For three similar services: the total cost must be greater than or equal to 40% of the estimated cost (3 * Service Cost ≥ 0.4 * Estimated Cost). 2. For two similar services: the total cost must be greater than or equal to 50% of the estimated cost (2 * Service Cost ≥ 0.5 * Estimated Cost). 3. For one similar service: the cost must be greater than or equal to 80% of the estimated cost (1 * Service Cost ≥ 0.8 * Estimated Cost). Additionally, the bidder must have a minimum average annual turnover of 1000 Lakh (s) for 3 years and 5 years of past experience in similar services. Given these conditions, the bid capacity required can be understood as meeting specific financial and experience thresholds rather than calculating a singular "bid capacity" value. The thresholds are as follows: - A minimum average annual financial turnover of 1000 Lakh (s) over the last 3 years. - Experience thresholds of either 3 services at or above 40% of the estimated cost, 2 services at or above 50%, or 1 service at or above 80% of the estimated cost, all within the last 3 years, coupled with 5 years of experience in similar services. Since the query requests a specific format of answer with "value and formulas" but the provided information outlines conditions rather than a direct formula for calculating a "bid capacity" value, the response focuses on the conditions that must be met.