New Okhla Industrial Development Authority Tender

To determine the bid capacity required, we look at specific eligibility criteria involving financial and technical capabilities. The solvency required is 40% of the total estimated cost, which is 0.4 * Total Estimated Cost. Given the total estimated cost, the solvency required would be 0.4 * 84,597,084.40 = 33,838,900. The experience criteria require either three similar completed works each costing not less than 40% of the estimated cost, or two similar completed works each costing not less than 60% of the estimated cost, or one similar completed work costing not less than 80% of the estimated cost. This translates to: - Option 1: 3 * 0.4 * Total Estimated Cost - Option 2: 2 * 0.6 * Total Estimated Cost - Option 3: 1 * 0.8 * Total Estimated Cost The average annual financial turnover on construction works should be at least 30% of the estimated cost during the immediate last 3 consecutive financial years, which is 0.3 * Total Estimated Cost per year. Formulas for calculation are: - Solvency = 0.4 * Total Estimated Cost - Experience (Option 1) = 3 * 0.4 * Total Estimated Cost - Experience (Option 2) = 2 * 0.6 * Total Estimated Cost - Experience (Option 3) = 1 * 0.8 * Total Estimated Cost - Turnover = 0.3 * Total Estimated Cost per year for 3 years Given the total estimated cost is 84,597,084.40, we can calculate: - Solvency = 0.4 * 84,597,084.40 = 33,838,900 - Experience (Option 1) = 3 * 0.4 * 84,597,084.40 = 101,516,700 - Experience (Option 2) = 2 * 0.6 * 84,597,084.40 = 101,516,600 - Experience (Option 3) = 1 * 0.8 * 84,597,084.40 = 67,677,700 - Turnover = 0.3 * 84,597,084.40 per year = 25,379,200 per year Therefore, the bid capacity required involves demonstrating sufficient solvency, experience in similar works, and a minimum average annual turnover in construction works over the last three years, as calculated above.