Chandigarh Administration Tender

The bid capacity required to bid for this tender involves satisfying financial and work experience criteria. The bidding capacity can be calculated using the formula: Bidding Capacity = {[AXN x 1.5] - B} Where: A = maximum turnover in construction works executed in anyone year during the last seven years, N = Number of years prescribed for completion of work for which bids have been invited, B = Value of existing commitments and ongoing works to be completed during the period of completion of work for which bids have been invited. Alternatively, the formula can also be represented as: Bidding Capacity = {[AXNX1.5]-B}, where A = Update value of turnover B = Maximum Turn over in last seven years N = No. of years The criteria for bid capacity required are: - Three similar works each costing not less than 40% of the estimated cost, - Or two similar works each costing not less than 60% of the estimated cost, - Or one similar work costing not less than 80% of the estimated cost. Given the estimated cost of the work is Rs. 2,58,66,930, the bid capacity required can be calculated as follows: - For three similar works: 40% of 2,58,66,930 = 1,03,46,772 - For two similar works: 60% of 2,58,66,930 = 1,55,20,158 - For one similar work: 80% of 2,58,66,930 = 2,06,93,344 Additionally, the average annual financial turnover on construction works should be at least 30% of the estimated cost, which is: 30% of 2,58,66,930 = 77,70,079 The banker's certificate should be for an amount equal to 40% of the estimated cost put to tender, which is: 40% of 2,58,66,930 = 1,03,46,772 Or a net worth certificate of minimum 10% of the estimated cost put to tender, which is: 10% of 2,58,66,930 = 25,86,693