Department For Promotion Of Industry And Internal Trade Tender

The required prior work experience for the bidder is 5 years of providing similar type of services. For similar completed services, the conditions are: 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 the estimated bid value is 50,000,000, the values for similar completed services are: 1. Three similar completed services costing not less than 40% of 50,000,000, which is 20,000,000; 2. Two similar completed services costing not less than 50% of 50,000,000, which is 25,000,000; 3. One similar completed service costing not less than 80% of 50,000,000, which is 40,000,000. Additionally, the bidder should have executed at least 5 projects with a contract value of not less than Rs. 150 Lakhs per contract. There is also a mention of the bidder having at least 5 years of experience in providing similar security guard/watch & ward services, and experience in handling at least five assignments/services related to providing/supplying security guards/watch & ward. However, there is a conflicting statement that mentions the required prior work experience for the bidder is 0 – 3 years for the same or similar service. The minimum average annual turnover of the bidder for 3 years is 150 Lakh, and the bidder should have a minimum positive Net Profit After Tax (PAT) of Rs. 10 lacs in each of the last three financial years.