Tourism And Cultural Affairs Department Tender

To determine the bid capacity required, we look at the financial eligibility criteria. The criteria include: 1. Minimum average turnover of Rs. 220 Crore (5x of the Estimated Project Cost of Rs 44 Crore for development) in the preceding 3 financial years leading up to the Bid Due Date. 2. Minimum Net Worth OR Cash & Cash Equivalents of Rs. 11 Crore (25% of the Estimated Project Cost of Rs 44 Crore for development) as of 31st March of the preceding financial year. Additionally, for technical development experience, the bidder should fulfill one of the following: - Development of Hospitality Projects with a cumulative room count of at least 440 rooms (5x the envisaged room count of 88 rooms) of 4-star category equivalent or above. - Development of other Real Estate & Infrastructure Projects with a cumulative project cost of at least Rs. 220 Crore (5x the Estimated Project Cost of Rs 44 Cr for development). Thus, the bid capacity required can be summarized with the following values and formulas: - Turnover: Rs. 220 Crore (5 * Estimated Project Cost) - Net Worth/Cash & Cash Equivalents: Rs. 11 Crore (25% of Estimated Project Cost) - Technical Experience: - Hospitality: 440 rooms (5 * envisaged room count) - Other Real Estate & Infrastructure: Rs. 220 Crore (5 * Estimated Project Cost)