Food Corporation Of India Tender

To determine the bid capacity required, we look at past experience of similar services. The bidder must have successfully executed/completed similar services over the last three years, with specific requirements: 1. Three similar completed services costing not less than 40% of the estimated cost. 2. Two similar completed services costing not less than 50% of the estimated cost. 3. One similar completed service costing not less than 80% of the estimated cost. Given an estimated bid value of 23500000, the required bid capacity can be calculated as follows: 1. 40% of 23500000 = 9400000 (for three similar services) 2. 50% of 23500000 = 11750000 (for two similar services) 3. 80% of 23500000 = 18800000 (for one similar service) Therefore, the bid capacity required can be summarized as: - At least 3 services with a total value of 9400000 or more. - At least 2 services with a total value of 11750000 or more. - At least 1 service with a total value of 18800000 or more.