Uttar Pradesh State Industrial Development Authority Tender

A class approved license is required for Electrical works.

The bid capacity required to bid can be determined by several key criteria, including solvency, experience, and turnover. 1. Solvency: This is calculated as 40% of the total estimated cost of the work. Given the total estimated cost is 68143517.00, the solvency requirement would be 0.4 * 68143517.00 = 27257406.80. 2. Experience: The bidder must have completed works with specific values within the last seven years. The required experience can be met in three ways: - Completion of at least three jobs, each with a value of at least 40% of the estimated cost of the work (40% of 68143517.00 = 27257406.80 per job). - Completion of at least two jobs, each with a value of at least 60% of the estimated cost of the work (60% of 68143517.00 = 40886110.20 per job). - Completion of at least one job with a value of at least 80% of the estimated cost of the work (80% of 68143517.00 = 54514813.60). 3. Turnover: The average annual financial turnover from the core business should be at least 30% of the estimated cost of the tender during the last three consecutive financial years. This translates to 0.3 * 68143517.00 = 20443055.10 per year for three consecutive years. Therefore, the bid capacity required includes: - Solvency: 27257406.80 - Experience: - At least three jobs of 27257406.80 each - Or at least two jobs of 40886110.20 each - Or at least one job of 54514813.60 - Turnover: Average annual turnover of 20443055.10 for the last three financial years.