Uttar Pradesh State Industrial Development Authority Tender

A class approved

The bid capacity required in the given tender can be determined by several factors including solvency, experience, and turnover. 1. Solvency: The minimum solvency required is 40% of the total estimated cost of the work. - Formula: 40% of Total Estimated Cost - Value: 40% of 69594360.00 = 27837744.00 2. Experience: The bidder must have successfully completed works with Government Departments/Semi-Government Departments/PSU/Corporations/Authorities/Board/Local Bodies only during the last 07 years for similar nature of works. The experience can be in one of the following forms: - At least 03 (Three) jobs each of similar nature of value not less than 40% of the estimated cost of work. - Formula: 40% of Total Estimated Cost - Value: 40% of 69594360.00 = 27837744.00 - Or, at least 02 (Two) jobs each of similar nature of value not less than 60% of the estimated cost of work. - Formula: 60% of Total Estimated Cost - Value: 60% of 69594360.00 = 41756616.00 - Or, at least 01 (One) job of similar nature of value not less than 80% of the estimated cost of work. - Formula: 80% of Total Estimated Cost - Value: 80% of 69594360.00 = 55675488.00 3. Turnover: The average annual financial turnover from the core business of the bidder should be at least 30% of the estimated cost of the tender during the immediate last 03 consecutive financial years. - Formula: 30% of Estimated Cost of Tender - Value: 30% of 69594360.00 = 20878308.00 Given these requirements, the bid capacity includes both financial capacity (solvency and turnover) and experiential capacity (completion of similar works). The specific values and formulas provided are as follows: - Solvency: 27837744.00 (40% of Total Estimated Cost) - Experience: - Option 1: 27837744.00 (40% of Total Estimated Cost) for at least 03 jobs. - Option 2: 41756616.00 (60% of Total Estimated Cost) for at least 02 jobs. - Option 3: 55675488.00 (80% of Total Estimated Cost) for at least 01 job. - Turnover: 20878308.00 (30% of Estimated Cost of Tender) as the average annual turnover for the last 3 financial years.