New Okhla Industrial Development Authority Tender

To extract the bid capacity required in the given tender, we look at the specific details related to financial or technical capabilities that a bidder must possess. 1. Solvency: The minimum solvency required is 40% of the total estimated cost. Given the total estimated cost is 73829246.63 Rs, the minimum solvency is 29531698.65 Rs. 2. Experience: The bidder should have completed works with values of either: - Three similar works, each costing not less than 40% of the estimated cost (29531698.65 Rs). - Two similar works, each costing not less than 60% of the estimated cost (44297547.98 Rs). - One similar work costing not less than 80% of the estimated cost (59063397.30 Rs). 3. Turnover: The average annual financial turnover should be at least 30% of the annual cost over the last 3 years, which is 30% of 73829246.63 Rs = 22148774.0 Rs per year. 4. Additional Performance Guarantee/Security: For bids quoted below the rate of the Bill of Quantity (B.O.Q), an additional performance guarantee/security is required, calculated as: - 0.5% per one percent up to 10% below rate. - 1% per one percent on the rate quoted beyond 10% below rate. Given these details, the bid capacity required includes specific financial and experience-related values and formulas, indicating that bidders must meet these criteria to be eligible for the tender.