Corporation Of Chennai Tender

Class I

The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid capacity = (A x N x 1.5 - B) Where A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the financial year [2023-2024] at the rate of 5% per year), N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as half-year and more than 6 months as one year), B = Value, at the current price level, of existing commitments on on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, the bidder should have a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bid, which is calculated as 1.5 times the Package value, i.e., Rs. 664.68 Lakhs. Furthermore, the bidder should have access to liquid assets, unencumbered real assets, lines of credit, and other financial resources sufficient to meet the projected construction cash flow requirements, which is estimated to be 50% of the total value of the project, i.e., Rs. 221.56 Lakhs. Formulas: - 1.5 times of the Package value = Rs.664.68 Lakhs - 50% of the Package value = Rs.221.56 Lakhs - 80% of the Work Value = Rs.354.50 Lakhs The bid capacity required in the given tender is also mentioned in terms of Bid Security (Earnest Money Deposit), which is Rs. 4,44,000/- (Rupees Four Lakhs Forty Four Thousand only).