East Central Railway Tender

The bid capacity required is V/N or 'V' whichever is less, where V is the advertised value of the tender in crores of Rupees and N is the number of years prescribed for completion of work. The advertised value of the tender can be calculated as the total value of the tender, which is 1212895.89. However, the number of years prescribed for completion of work is not provided. Given the formula for average annual contractual turnover, which is (Total contractual payments in the previous three financial years) / 3, the bid capacity required can be determined if the number of years prescribed for completion of work is known. Since the number of years is not provided, the exact bid capacity required cannot be determined. However, the preference is given to tenderers with higher bid capacity, and in case of a tie, to those who have done more value of similar work in the last three previous financial years and the current financial year. The bid capacity required is therefore dependent on the calculation of V/N or 'V' whichever is less, but the exact value of V and N is not provided to give a specific answer.