Banaras Locomotive Works Tender

To determine the bid capacity required, we look at the technical eligibility criteria. The tenderer must have successfully completed or substantially completed specific categories of work(s) during the last 07 years, with costs related to the advertised value of the tender. The bid capacity required can be calculated based on the following formulas: - For three similar works: 3 * 0.3 * Advertised Value - For two similar works: 2 * 0.4 * Advertised Value - For one similar work: 1 * 0.6 * Advertised Value Given the Advertised Value is 28641164.46, we calculate: - For three similar works: 3 * 0.3 * 28641164.46 = 25787078.314 - For two similar works: 2 * 0.4 * 28641164.46 = 22912931.568 - For one similar work: 1 * 0.6 * 28641164.46 = 17184698.676 Additionally, the average annual contractual turnover should be ≥ V/N or V, whichever is less, where V = Advertised Value and N = Number of years prescribed for completion of work. Given V = 28641164.46 and N = 1 (since the period of completion is 12 months), the average annual contractual turnover should be ≥ 28641164.46/1 or 28641164.46, whichever is less. Thus, it should be ≥ 28641164.46. The average annual contractual turnover is calculated as (Total Contractual Payments in previous 3 years) / 3. Therefore, the bid capacity required includes both the financial capacity based on previous works and the average annual contractual turnover. The specific values are: - Three similar works: 25787078.314 - Two similar works: 22912931.568 - One similar work: 17184698.676 And the average annual contractual turnover should be ≥ 28641164.46.