Seepz Special Economic Zone Tender

To determine the bid capacity required, we look at the specific requirements mentioned for bidding, particularly in relation to financial capabilities or specific bid values. The key points related to bid capacity or financial requirements are as follows: 1. Minimum Bid Value: The minimum bid value is above the Reserve Rental for each gala. 2. EMD Calculation: The EMD is calculated as 2% of 5 times the Reserve Rental times the area in square meters for each gala. 3. Incremental Bidding in E-Auction: During the e-auction, technically and financially qualified bidders may quote a rental amount above the Revised Reserved Rental, but the incremental value must be in multiples of a specified amount. The tender specifies that for demonstrating financial capacity, the bidder shall have a Minimum Average Annual Turnover (MAAT) during the last three financial years. The MAAT is given based on the gala number and location, with specific values per square meter of carpet area. The formula to calculate the minimum required turnover for bidding on a specific gala would be: Minimum Required Turnover = MAAT per sqm * Carpet Area of the Gala For example, for a gala with a specified MAAT and carpet area, the calculation would be based on the provided MAAT value and the gala's carpet area. The EMD calculation formula is: EMD = 2% x 5 x Reserve Rental x Area in sqm These formulas and values provide the basis for determining the bid capacity required for the tender.