Public Works Building And NH Department Tender

The bid capacity required in the given tender is as follows: - Three similar works, each costing not less than Rs. 375.95002L - OR two similar works, each costing not less than Rs. 469.84376L - OR one similar work costing not less than Rs. 751.90008L These values are calculated based on the estimated cost of the project, which is Rs. 939.87504 L. The specific formulas for calculating the bid capacity required are: - For option a: 3 works * 40% of 939.87504L = 3 * 0.4 * 939.87504L = 3 * 375.95002L - For option b: 2 works * 50% of 939.87504L = 2 * 0.5 * 939.87504L = 2 * 469.84376L - For option c: 1 work * 80% of 939.87504L = 1 * 0.8 * 939.87504L = 1 * 751.90008L The bidding capacity formula is: Bidding Capacity = {[AxNx2]-B} Where, A = Maximum turnover in construction works executed in any one year during the last five years N = Number of years prescribed for completion of work for which bids have been invited B = Value of existing commitments and ongoing works to be completed during the period of completion of work for which bids have been invited. However, the direct application of this formula to determine the bid capacity required is not provided. The bid capacity required is instead based on the completion of similar works within a certain percentage of the estimated cost of the project.