ITI Limited Tender

The required prior work experience for the bidder is 3 years for the same or similar service. The bidder must have successfully executed/completed similar services over the last three years. In terms of specific requirements, the bidder must have: - Three similar completed services costing not less than 40% of the estimated cost, - Two similar completed services costing not less than 50% of the estimated cost, - One similar completed service costing not less than 80% of the estimated cost. The estimated cost is related to the Estimated Bid Value, which is 38940000. Additionally, the bidder is required to have a minimum average annual turnover of 117 Lakh for 3 years. Regarding the value and percentage of similar works completed, if L-1 is not an MSE and MSE Service Provider(s) has/have quoted price within L-1+15% of margin of purchase preference/price band, then 100% order quantity will be awarded to such MSE bidder, subject to acceptance of L1 bid price. Also, the contract quantity or contract duration can only be increased up to 25 percent once the contract is issued.