Irrigation Department Tender

The bid capacity required in the given tender involves specific financial criteria. The key formulas for determining bid capacity are: 1. Turnover Requirement: Average Annual Turnover ≥ 0.3 * COST OF WORK 2. Annual Financial Turnover in Civil works: Annual Financial Turnover ≥ Estimated Value of Work 3. Similar Work Experience: - For three works: 0.4 * ESTIMATED COST - For two works: 0.5 * ESTIMATED COST - For one work: 0.8 * ESTIMATED COST 4. Updated Turnover Formula: Updated Turnover = (Previous Year's Turnover) x (1 + 0.07)^n These formulas indicate the minimum financial capacity and experience in similar works that a bidder must demonstrate to be eligible to bid. The bidder should also have an average annual financial turnover in Civil works of not less than 30% of the estimated value of work during the last 3 years, updated to the current financial year price level at 7% per annum. Additionally, the annual financial turnover in Civil works should be not less than the estimated value of work in any one year during the last 5 financial years, duly authenticated by a C.A. and updated to the current financial year price level at 7% per annum.