Rural Works Department Tender

To determine the bid capacity required, we look at the specific requirements mentioned. The bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual contracts. The bid capacity can be calculated using the formula: Assessed Available Bid capacity = (A*N*M – B) Where: A = Maximum value of civil engineering works executed in any one year during the last five financial years, updated at 8% per year to the price level of the preceding financial year. N = Number of years prescribed for completion of the works for which bids are invited. M = 3 B = Value of existing commitments and on-going works to be completed during the period of completion of construction work for which bids are invited. Additionally, the bidder should have: - Achieved a minimum annual financial turnover of 60% of the amount put to bid, with at least 50% of this turnover coming from civil engineering construction works. - Satisfactorily completed, as a prime contractor or sub-contractor, at least one similar work of a value not less than 30% of the amount put to bid, excluding maintenance costs for five years. Also, the bid capacity required is related to the available bid capacity of the JV, and the bidder must provide information on bid capacity, including existing commitments and on-going construction works. However, another source mentions the bid capacity required in terms of Bid Security (EMD) which is 2% of the estimated value of the Works. The estimated value can be calculated as: Estimated Value = Bid Security (EMD) / 0.02 Given the Bid Security (EMD) is Rs. 10.112, Estimated Value = 10.112 / 0.02 Estimated Value = 505.6 (in thousands) So, the estimated value is Rs. 505,600. Another source mentions that the bid capacity required is 20% of the contract value, but without the contract value provided, we cannot calculate an exact amount. Considering all the information, the bid capacity required can be summarized with the following formulas and values: 1. Assessed Available Bid capacity = (A*N*M – B) 2. Minimum annual financial turnover: 60% of the bid amount, with at least 50% from civil engineering construction works. 3. Similar work experience: At least one work of a value not less than 30% of the bid amount. 4. Bid Security (EMD) = 2% of estimated value of the Works. 5. Estimated Value = Bid Security (EMD) / 0.02 6. Bid capacity required is 20% of the contract value. Since we have multiple formulas and values, the answer is: Assessed Available Bid capacity = (A*N*M – B) Minimum annual financial turnover: 60% of the bid amount Similar work experience: At least one work of a value not less than 30% of the bid amount Bid Security (EMD) = 2% of estimated value of the Works Estimated Value = Bid Security (EMD) / 0.02 Bid capacity required is 20% of the contract value.