New Okhla Industrial Development Authority Tender

The bid capacity required in the given tender to bid is as follows: 1. Solvency: 40% of the total estimated cost put to tender, which is 40% of 35368707.46 = 14147482.98 2. Experience: - Three similar/any other sanitation related completed works each costing not less than 40% of the estimated cost put to tender, which is 40% of 35368707.46 = 14147482.98 - OR Two similar/any other sanitation related completed works each costing not less than 60% of the estimated cost put to tender, which is 60% of 35368707.46 = 21221224.48 - OR One similar/any other sanitation related completed work costing not less than 80% of the estimated cost put to tender, which is 80% of 35368707.46 = 28294965.97 3. Turnover: Average annual financial turnover should be at least 30% of the annual cost during the immediate last 3 consecutive financial years, which is 30% of 35368707.46 = 10610612.24 Additionally, the bid capacity required is related to the rate quoted below the Bill of Quantity (B.O.Q) with the formula for the additional performance guarantee/security as follows: - 0.5% per one percent upto 10% below rate - 1% per one percent on rate quoted beyond 10% below rate The Earnest Money Deposit (EMD) required is Rs 7,22,000/-. The additional performance guarantee/security is calculated as: - @0.5% per one percent upto 10% below the rate quoted in the Bill of Quantity (B.O.Q) - @1% per one percent on the rate quoted beyond 10% below the rate.