Maharashtra State Power Generation Company Limited Tender

The bid capacity required to bid can be determined by the following: 1. Average annual financial turnover for any 3 years during last five (5) years, ending 31st March of the previous financial year, should be at least 30 % of the estimated cost of one year. Given the estimated cost for the tender is 7,37,58,121.90, the average annual financial turnover required would be: 30% of 7,37,58,121.90 = 0.3 * 7,37,58,121.90 = 2,21,27,436.77 2. Experience of having successfully completed similar works during last Nine (9) years ending last day of month previous to the one in which applications are invited should be either of the following: a. Three similar completed works each costing not less than the amount equal to 40 % of the estimated Cost of one year. b. Two similar completed works each costing not less than the amount equal to 50 % of the estimated Cost of one year. c. One similar completed works costing not less than the amount equal to 80 % of the estimated Cost of one year. The estimated cost for the tender is 7,37,58,121.90, so the required experience would be: a. Three similar completed works each costing not less than 40% of 7,37,58,121.90 = 0.4 * 7,37,58,121.90 = 2,95,03,248.76 b. Two similar completed works each costing not less than 50% of 7,37,58,121.90 = 0.5 * 7,37,58,121.90 = 3,68,79,060.95 c. One similar completed works costing not less than 80% of 7,37,58,121.90 = 0.8 * 7,37,58,121.90 = 5,90,06,497.52 Therefore, the bid capacity required to bid can be summarized as: - Average annual financial turnover: 30% of estimated cost (2,21,27,436.77) - Experience: a. Three similar works with cost >= 40% of estimated cost (2,95,03,248.76) b. Two similar works with cost >= 50% of estimated cost (3,68,79,060.95) c. One similar work with cost >= 80% of estimated cost (5,90,06,497.52)