Assam Police Housing Corporation Limited Tender

The bidding capacity of the contractor should be equal to or more than Rs 2,22,73,154.00. The bidding capacity can be calculated using the formula: Bidding Capacity = {[AxNx2]-B}, where A is the maximum turnover in construction works executed in any one year during the last three years, N is the number of years prescribed for completion of work, and B is the value of existing commitments and ongoing works. To calculate the bidding capacity, the maximum turnover (A) should be brought to the current costing level by enhancing it at a simple rate of 7% per annum. The value of existing commitments and ongoing works (B) must be certified by a Chartered Accountant. Additionally, the experience requirements for bidders include having satisfactorily completed works under Central Govt./ State Govt. organization/ Central Public Sector Undertaking within the country during the last 7 years. The cost of work is considered as the gross value of the completed work, including the cost of material supplied by the Government/client, but excluding those supplied free of cost. The bid capacity required can also be determined based on the experience requirements, which include: - Three similar works each costing not less than 40% of the estimated cost of the project, which is Rs. 89,09,261.60 - Two similar works each costing not less than 50% of the estimated cost of the project, which is Rs. 1,11,13,577.00 - One similar work costing not less than 80% of the estimated cost of the project, which is Rs. 1,78,18,523.20 The evaluation criteria for financial strength include average annual turnover and solvency, with specific marks allocated for meeting minimum eligibility criteria. However, the exact minimum eligibility criteria values are not provided. The bidding capacity required is Rs 2,22,73,154.00 or more, and it can be calculated using the given formula. The experience requirements and financial criteria also provide a basis for determining the bid capacity required.