The Buyers can now use Turnover as well as Service specific Project Experience as an eligibility criteria for their Bids.
All the Service Providers were requested to provide relevant Project Experience in the last 3 years of top 3 value wise Projects while offering the Services on GeM portal. Failing which Service Provider's Project Experience will be considered as NIL. (Notification was issued on 9th August, 2018)
Eligibility criteria are as follows :-
Turnover
Average Turnover should be at least 30% of the estimated cost.
Project Experience
The bidder must have successfully executed/completed similar services, over the last three years.
1) Three similar completed services costing not less than the amount equal to 40% (Forty per cent) of the estimated cost; or
2) Two similar completed services costing not less than the amount equal to 50% (Fifty per cent) of the estimated cost; or
3) One similar completed service costing not less than the amount equal to 80% (Eighty per cent) of the estimated cost.
GeM Team