Airports Authority Of India Tender

The bid capacity required to bid in the given tender involves both financial and experiential elements. For the experience criteria, the bidder must have successfully executed or completed similar services with specific conditions: - Three similar completed services costing not less than 40% of the estimated cost, which can be calculated as: Three similar completed services ≥ 0.4 * 48949985, resulting in Three similar completed services ≥ 19579994. - Alternatively, two similar completed services costing not less than 50% of the estimated cost, or one similar completed service costing not less than 80% of the estimated cost. The financial capacity required is a minimum average annual turnover of 48 Lakh (which translates to 4.8 million Indian Rupees) for the last 3 years. Therefore, the bid capacity required can be summarized with the following values and formulas: - For Past Experience: - 3 services ≥ 0.4 * Estimated Bid Value - 2 services ≥ 0.5 * Estimated Bid Value - 1 service ≥ 0.8 * Estimated Bid Value - For Financial Turnover: Average Annual Turnover ≥ 4800000 INR for the last 3 years.