Bridge And Roof Company India Limited Tender

Class-I local supplier

The bid capacity required in the given tender to bid having value is calculated using the formula: Bidding Capacity = [ { A x N x 1.5 } - B ] Where, A = Maximum turnover in construction works executed in any one year during the last 05 (Five) years taking into account the completed as well as works in progress. The value of completed works shall be brought to current costing level by enhancing at a simple rate of 7% per annum. N = Number of years prescribed for completion of work for which bids have been invited. [N = 2] B = Value of existing commitments and ongoing works to be completed during the period of completion of work for which bids have been invited. Additionally, the bidder's available bid capacity of work should be equal to more than the total bid value put to tender. The bidder should have successfully physically completed “similar work” during the last 07(Seven) years ending on the last date of month previous to the one in which tender is invited, not less than the followings: (i) 01 (One) Similar Completed Work costing not less than Rs. 2.83 Cr. (inclusive of all taxes) OR, (ii) 02 (Two) Similar Completed Works each costing not less than Rs. 1.77 Cr. (inclusive of all taxes) OR, (iii) 03 (Three) Similar Completed Works each costing not less than Rs. 1.42 Cr. (inclusive of all taxes) The value of executed works shall be brought to current costing level by enhancing the actual value of work at simple rate of 7% per annum, calculated from the date of completion to last date of receipt of applications for Tender. Formula for calculating the current costing level: Current Costing Level = Actual Value of Work * (1 + 0.07)^n, where n is the number of years from the date of completion to the last date of receipt of applications for Tender.