Employees State Insurance Corporation Tender

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Employees State Insurance Corporation - ESIC Tender

Services
Healthcare and Medicine
GEM
Opening Date12 Feb 2025
Closing Date22 Feb 2025
Tender Amount₹ 5,00,00,000 

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required in the given tender includes: 1. Minimum Average Annual Turnover: 200,000,000 INR (2000 Lakh) over the last three years. 2. Years of experience: 3 years. 3. Similar service cost: At least one service costing not less than 80% of the estimated cost, which is 40,000,000 INR (80% of 50,000,000 INR). Formulas: - Similar service cost: 80% of estimated bid value = 0.8 * 50,000,000 = 40,000,000. - Minimum Average Annual Turnover is calculated over the last three years. Note that some sources mention additional or slightly different requirements, such as 33 years of experience, but the most consistent and widely mentioned requirements are the ones listed above.
Technical Capacity
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The bidder is required to have a minimum of 3 years of past experience in similar services. The required prior work experience includes having successfully executed/completed similar services with specific conditions: 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. The estimated bid value is 50,000,000. Additionally, the bidder should have a minimum average annual turnover of 2000 Lakh for 3 years.

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