Indian Audit And Accounts Department Tender

The bid capacity required can be expressed in terms of minimum average annual turnover and experience criteria. For the financial aspect, the minimum average annual turnover of the bidder during the last three years should be 500 Lakh (or 50 million in the local currency). Regarding experience, the bidder should have at least 5 years of experience in providing similar types of services to any Central/State Govt Organization/PSU. Additionally, there are specific formulas for similar completed services: 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. Using the estimated bid value of 56200000, we can calculate the required values: 1. 40% of 56200000 = 22480000 2. 50% of 56200000 = 28100000 3. 80% of 56200000 = 44960000 Therefore, the bid capacity required can be expressed as having completed similar services with values of at least 22480000, 28100000, or 44960000, depending on the number of similar services completed, and having a minimum average annual turnover of 500 Lakh (or 50 million).