Food Corporation Of India Tender

The required prior work experience for the bidder includes having successfully executed or completed similar services over the last three years. The specific requirements are as follows: 1. Three similar completed services with a cost of not less than 40% of the estimated cost. 2. Two similar completed services with a cost of not less than 50% of the estimated cost. 3. One similar completed service with a cost of not less than 80% of the estimated cost. Given the estimated bid value is 45000000, the amounts for similar works would be: - For the first condition: 40% of 45000000 - For the second condition: 50% of 45000000 - For the third condition: 80% of 45000000 Calculating these: - 40% of 45000000 = 18000000 - 50% of 45000000 = 22500000 - 80% of 45000000 = 36000000 So, the bidder needs to have completed similar services with costs of at least these calculated amounts to meet the respective conditions.