Postgraduate Institute Of Medical And Education And Research Tender

To extract the bid capacity required in the given tender to bid, we need to look at the provided formulas and values. The bidding capacity required is calculated using the formula: Bidding capacity = (A x N x 1.5) - B Where: A = Maximum turnover in works executed in any one year during the last seven years, N = Number of years prescribed for completion of work which bids have invited, B = Value of existing commitments and ongoing work to be completed during the period of completion of work which bids have been invited. The bidder should have: - Completed similar works of a specified magnitude within the last 7 years. For HVAC works, this includes: - Three similar works each costing not less than Rs 132 Lakh with a capacity of individual Chiller of minimum 200 TR capacity. - Or two similar works each costing not less than Rs 197 Lakh with a capacity of individual Chiller of minimum 200 TR capacity. - Or one similar work costing not less than Rs 263 Lakh with a capacity of individual Chiller of minimum 200 TR capacity. - Had an average annual financial turnover of Rs 99 Lakh during the last three years ending 31st March 2024. - Not incurred any loss in more than two years during the last five years ending 31st March 2024. - A Net worth Certificate of value not less than Rs 32.90 Lakh or a Bank solvency certificate of value not less than Rs 132 Lakh. Given these requirements, the bid capacity can be summarized as follows: - For HVAC works: - 3 * Rs 132 Lakh = Rs 396 Lakh (for three works of Rs 132 Lakh each) - 2 * Rs 197 Lakh = Rs 394 Lakh (for two works of Rs 197 Lakh each) - 1 * Rs 263 Lakh = Rs 263 Lakh (for one work of Rs 263 Lakh) - Average annual financial turnover: Rs 99 Lakh - Net worth/Bank solvency: Rs 32.90 Lakh (Net worth) or Rs 132 Lakh (Bank solvency) Formulas for calculating the eligibility based on past work experience and financials are: 1. For similar works: (Number of similar works) * (Cost per work) >= (Specified cost for eligibility) 2. For average annual financial turnover: (Total turnover for the last 3 years) / 3 >= Rs 99 Lakh 3. For net worth or bank solvency: Net worth >= Rs 32.90 Lakh or Bank solvency >= Rs 132 Lakh The estimated cost of the work is Rs 329.31 Lakh (HVAC: Rs 282.86 Lakh & Electrical: Rs 46.45 Lakh). The bidding capacity should be more than the estimated cost of the work put to tender. However, the exact bid capacity or formulas to calculate it are not found in the given text for all the requirements. The required bid capacity is: - For HVAC works: - 3 * Rs 132 Lakh = Rs 396 Lakh (for three works of Rs 132 Lakh each) - 2 * Rs 197 Lakh = Rs 394 Lakh (for two works of Rs 197 Lakh each) - 1 * Rs 263 Lakh = Rs 263 Lakh (for one work of Rs 263 Lakh) - Average annual financial turnover: Rs 99 Lakh - Net worth/Bank solvency: Rs 32.90 Lakh (Net worth) or Rs 132 Lakh (Bank solvency) The formula to calculate the current value of executed work is: Current Value = Actual Value * (1 + 0.07 * number of years). The required bid capacity can also be determined based on the specified values for similar works: - Three similar works each costing not less than Rs. 18.58 Lakh - Two similar works each costing not less than Rs 27.87 Lakh - One similar work costing not less than Rs 37.16 Lakh. Answer: Bidding capacity = (A x N x 1.5) - B Where: A = Maximum turnover in works executed in any one year during the last seven years, N = Number of years prescribed for completion of work which bids have invited, B = Value of existing commitments and ongoing work to be completed during the period of completion of work which bids have been invited. And - For HVAC works: - 3 * Rs 132 Lakh = Rs 396 Lakh (for three works of Rs 132 Lakh each) - 2 * Rs 197 Lakh = Rs 394 Lakh (for two works of Rs 197