Bhakra Beas Management Board Tender

The bid capacity required in the given tender is related to the financial capacity of the bidder. The bidder should have an average annual financial turnover of at least 30% of the estimated cost during the last three years. Additionally, the bidder should have experience of successfully completing similar works, with specific requirements: - Three similar completed works costing not less than 40% of the estimated cost, - Or, two similar completed works costing not less than 50% of the estimated cost, - Or, one similar completed work costing not less than 80% of the estimated cost. The formulas for calculating the bid capacity are: - Average Annual financial turnover ≥ 0.3 * Estimated Cost - Similar work experience: - 3 works ≥ 0.4 * Estimated Cost - 2 works ≥ 0.5 * Estimated Cost - 1 work ≥ 0.8 * Estimated Cost The decrement value is 0.5% of the bid start price, rounded off to the next Rs. 100. However, the exact bid capacity required in terms of a specific value is not provided.