Chandigarh Administration Tender

The class eligibility requirement to bid or participate in this tender is that bidders must be enlisted in the appropriate class with the PWD of States/UT's for Road works, however the specific class is not mentioned.

The bid capacity required can be calculated using the formula: Bidding Capacity = {[A x N x 1.5] - B}, where A is the maximum turnover in construction works, N is the number of years prescribed for completion of work, and B is the value of existing commitments and ongoing works. Additionally, the bid capacity can also be determined by looking at the financial and experiential requirements, which include: - Average Annual Financial Turnover: at least 30% of the Estimated cost, with the value of annual turnover figures brought to current value by enhancing at a simple rate of 7% per annum. - Similar Works Experience: satisfactorily completed works similar to the one tendered, with specific value criteria. - Financial Health: positive profit after tax in at least three out of the last five financial years. The financial turnover requirement can be summarized as: 30% of the Estimated Cost * (1 + 0.07)^n, where n is the number of years since the turnover was reported. The experience requirement involves demonstrating completion of similar works with values as specified (40%, 60%, or 80% of the estimated cost). Formulas for calculating the required financial turnover and experience are: 1. Average Annual Turnover = 0.3 * Estimated Cost * (1 + 0.07)^n 2. Similar Works Value: - 3 works * 0.4 * Estimated Cost - 2 works * 0.6 * Estimated Cost - 1 work * 0.8 * Estimated Cost The exact estimated cost is not provided, so it's represented as "Estimated Cost" in the formulas.