State Warehousing Corporation Tender

The bid capacity required in the given tender to bid is INR 60,00,500 (Rupees Sixty Lakhs Five Hundred), which is the Bid Security amount. Additionally, a non-refundable Bid Fee of INR 10,000 (Rupees Ten Thousand) plus applicable GST is required. However, no specific formula is provided for calculating the Bid capacity. The Net Worth is to be specified, and the Bidder must establish a positive Net Worth. For a Company, Net Worth is calculated as the Aggregate value of paid-up share capital + All reserves created out of profits and securities premium account - Aggregate value of accumulated losses, deferred expenditure, and miscellaneous expenditure not written off. For other eligible entities, Net Worth is calculated as Corpus and reserve amounts as certified by the chartered accountant/statutory auditor having valid registration. The bid parameter is based on the lowest selling price ("Selling Price") sought by the Bidder, and the Lowest Bidder is the Bidder with the lowest Selling Price.