New Okhla Industrial Development Authority Tender

The bid capacity required in the given tender can be extracted as follows: 1. SOLVENCY: 40% OF TOTAL ESTIMATED COST Formula: 0.4 * Total Estimated Cost Value: 0.4 * 285300 = 114120 2. EXPERIENCE: - Three similar completed works each costing not less than 40% of estimated cost put to tender Formula: 0.4 * Total Estimated Cost Value: 0.4 * 285300 = 114120 - OR Two similar completed works each costing not less than 60% of estimated cost put to tender Formula: 0.6 * Total Estimated Cost Value: 0.6 * 285300 = 171180 - OR One similar completed work costing not less than 80% of estimated cost put to tender Formula: 0.8 * Total Estimated Cost Value: 0.8 * 285300 = 228240 3. TURNOVER: 30% OF TOTAL ESTIMATED COST Formula: 0.3 * Total Estimated Cost Value: 0.3 * 285300 = 85590 Additionally, the bid capacity required in the given tender to bid having value and formulas is as follows: - Earnest money is required in the shape of RTGS in prescribed bank accounts in favour of Noida. - The cost of bid document/ e-Tender processing fee document with GST is required in shape of RTGS in prescribed bank accounts in favour of Noida and payable at Noida. - Additional performance Guarantee/Security in shape of FDR/CDR/Bank Guarantee/NSC in case rate quoted below of Bill of Quantity (B.O.Q)@0.5% per one percent upto 10% below rate and @1% per one percent on rate quoted beyond 10% below rate, valid for the complete contract period by the Contractor before entering into contract bond. Formula for calculating additional performance Guarantee/Security: - 0.5% per one percent upto 10% below rate - 1% per one percent on rate quoted beyond 10% below rate The bid capacity required can also be summarized as: - Earnest Money Deposit (EMD): Rs. 604500/- - Cost of bid document/e-Tender processing fee: Rs. 5310/- (Including GST @18%)