National Highways Authority Of India Tender

The Bid capacity required in the given tender is the Annual Remittance to be quoted by the Bidder payable to the Authority on a weekly basis. The Bid shall consist of this Annual Remittance, and the Bidder who offers the highest Annual Remittance shall be declared as the Selected Bidder. One of the requirements is related to the net worth of the bidder, which should be more than 10% of the Annual Potential Collection (APC). The Annual Potential Collection (APC) is given as Rs. 4.78 Crore. The formula to calculate the minimum net worth required would be: Minimum Net Worth = 0.1 * APC Minimum Net Worth = 0.1 * 4.78 Crore Minimum Net Worth = 0.478 Crore Therefore, the bid capacity required in the given tender is a net worth of more than Rs. 0.478 Crore. Another requirement is the Performance Security, which is mentioned as an amount equal to 15 day's agreed remittance. However, the exact formula for calculating the bid capacity is not explicitly provided. Additionally, the Bid Security is 1% of APC (Annual Project Cost) or Rs.10,00,000/-, whichever is higher. The formula for correction of errors in the Bid is: "Where there is any discrepancy between the amounts in figures and in words, the amount in words shall prevail."