Indian Oil Corporation Limited Tender

To determine the bid capacity required, we look at the criteria related to past experience and financial turnover. The tender specifies that the bidder must have successfully executed or completed similar services over the last three years, with specific value criteria: 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 42715508, we can calculate the required bid capacity as follows: 1. For three similar services: 3 * 0.4 * 42715508 = 51258609.6 2. For two similar services: 2 * 0.5 * 42715508 = 42715508 3. For one similar service: 1 * 0.8 * 42715508 = 34172406.4 Therefore, the bid capacity required can be summarized with the following values and formulas: - For three similar services: 3 * 0.4 * Estimated Bid Value - For two similar services: 2 * 0.5 * Estimated Bid Value - For one similar service: 1 * 0.8 * Estimated Bid Value Where the Estimated Bid Value is 42715508. However, another aspect to consider is the financial and experiential requirements, which include: - Minimum Average Annual Turnover: The minimum average annual financial turnover of the bidder during the last three years should be 129 Lakh. - Years of Past Experience Required: The bidder must have experience of providing similar types of services for 7 years. Additionally, the bid capacity can also be inferred in terms of: - Financial Capacity: The ability to pay the EMD of 107,000 and to handle a project of the estimated value of 1.29 Crore. - Experiential Capacity: 7 years of experience in similar services. - Pricing Capacity: The ability to quote competitively, with a special consideration for MSE bidders who can quote within 15% of the L-1 price. But since specific formulas for calculating bid capacity are not consistently provided across all sources, and the information focuses more on eligibility, experience, and pricing strategy, the initial calculation provides a direct answer to the query.