Food Corporation Of India Tender

The required prior work experience for the bidder includes completing similar services with specific cost values. The bidder should have completed: - Three similar services with costs not less than 40% of the estimated cost, - Two similar services with costs not less than 50% of the estimated cost, - One similar service with a cost not less than 80% of the estimated cost. The estimated bid value is 101400000. This translates to the bidder needing to have completed services with the following minimum cost values: - Three services costing not less than 40% of 101400000, - Two services costing not less than 50% of 101400000, - One service costing not less than 80% of 101400000. Calculating these values: - 40% of 101400000 is 40560000, - 50% of 101400000 is 50700000, - 80% of 101400000 is 81000000. Therefore, the bidder should have completed three similar services costing at least 40560000, two similar services costing at least 50700000, and one similar service costing at least 81000000, all within the last three years.