Uttar Pradesh State Industrial Development Authority Tender

To determine the bid capacity required, we look at the experience and financial requirements specified for the tender. The experience needed is as follows: - One work equal to minimum 80% of bid value completed in last seven years. - Two works equal to minimum 60% of bid value completed in last seven years. - Three works equal to minimum 40% of bid value completed in last seven years. Given the total estimated cost of work, we can calculate the bid capacity required based on the above formulas: 1. One work equal to minimum 80% of bid value: 80% of the estimated cost = 2,44,94,349.60 2. Two works equal to minimum 60% of bid value: 60% of the estimated cost = 1,83,70,762.20 3. Three works equal to minimum 40% of bid value: 40% of the estimated cost = 1,22,47,174.80 Additionally, the Average Annual financial turnover from core business should be at least 30% of the estimated cost of tender, and the minimum solvency required is 40% of total estimated cost put to tender. The bid capacity required can be considered as having completed works of at least the calculated values in the last seven years, following the specified conditions. 1. Solvency: 40% of total estimated cost = 1,22,47,175.00 2. Experience: - Atleast 03 jobs each of similar nature of value not less than 40% of the estimated cost of work = 1,22,47,175.00 - OR Atleast 02 jobs each of similar nature of value not less than 60% of the estimated cost of work = 1,83,70,762.00 - OR Atleast 01 job of similar nature of value not less than 80% of the estimated cost of work = 2,44,94,350.00 3. Turnover: 30% of the Estimated cost of the Tender = 91,85,381.00 These are the bid capacity requirements mentioned, with specific values and formulas provided for solvency, experience, and turnover.