Food Corporation Of India Tender

To determine the bid capacity required, we look at the estimated bid value and past experience requirements for similar services. The estimated bid value is 21400000. The past experience requirements are: 1. Three similar completed services costing not less than 40% of the estimated cost (0.4 * 21400000 = 8560000). 2. Two similar completed services costing not less than 50% of the estimated cost (0.5 * 21400000 = 10700000). 3. One similar completed service costing not less than 80% of the estimated cost (0.8 * 21400000 = 17120000). The formulas for calculating these thresholds are: - For three similar services: 0.4 * Estimated Bid Value - For two similar services: 0.5 * Estimated Bid Value - For one similar service: 0.8 * Estimated Bid Value Given the estimated bid value of 21400000, the specific thresholds are: - 8560000 for three similar services - 10700000 for two similar services - 17120000 for one similar service Thus, the bid capacity required is directly related to the estimated bid value and the number of similar services the bidder has completed, with thresholds of 8560000, 10700000, and 17120000 for three, two, and one similar services, respectively.