Public Works Building And NH Department Tender

The bid capacity required can be calculated based on the given formulas. To determine the bidding capacity, the 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. The bidding capacity of the contractor should be equal to or more than Rs.721.85 L. Additionally, the average annual financial turnover required is Rs. 360.925 L, and the work experience requirements are: - Three similar works each costing not less than Rs. 288.74 L. - OR, two similar works each costing not less than Rs. 360.925 L. - OR, one similar work costing not less than Rs. 577.48 L. Therefore, the bid capacity required is Rs.721.85 L.