Higher Education Department Tender

The bid capacity required can be determined by looking at the estimated bid value and the formulas provided for past experience of similar services. For past experience of similar services, the bidder must have successfully executed/completed similar services over the last three years with one of the following conditions: 1. Three similar completed services costing not less than 40% of the estimated cost: 3 * (0.4 * 23,000,000) = 27,600,000 2. Two similar completed services costing not less than 50% of the estimated cost: 2 * (0.5 * 23,000,000) = 23,000,000 3. One similar completed service costing not less than 80% of the estimated cost: 1 * (0.8 * 23,000,000) = 18,400,000 Therefore, the bid capacity required can be summarized as follows: - At least 18,400,000 for one similar completed service - At least 23,000,000 for two similar completed services - At least 27,600,000 for three similar completed services The most straightforward answer related to a specific requirement for bidding capacity based on the given conditions would be the lowest threshold that must be met for a single similar service, which is 18,400,000. Additionally, the minimum average annual financial turnover of the bidder during the last three years should be at least 100 Lakh. Thus, the answer is: 18,400,000