Corporation Of Chennai Tender

Class I Contractor with a monetary limit above Rs.75.00 lakhs.

The bid capacity required in the given tender can be calculated using the formula: Bid capacity = AxNx1.5-B, where A = Maximum annual turnover in any one year during the last five years (updated to 2023-24 price level), N = 1 year (as per the tender schedule), and B = Value, at price 2023-24 level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. The bid capacity should be greater than the estimated cost of the work, which is Rs. 292.56 Lakhs. Additionally, the qualification criteria include: - Average Annual financial turnover during the last 5 years should be at least 50% of the estimated cost. - The minimum amount of liquid assets and/or credit facilities net of other contractual commitments shall be 30% of the tender value of work. The bid capacity required can also be summarized with the following values and formulas: - Average Annual Financial Turnover: ≥ 0.5 * Estimated Cost - Working Capital: ≥ 0.3 * Value Put to Tender - Similar Works Experience: - Option 1: 3 works ≥ 0.4 * Estimated Cost each - Option 2: 2 works ≥ 0.5 * Estimated Cost each - Option 3: 1 work ≥ 0.8 * Estimated Cost Therefore, the bid capacity required is: Bid capacity = AxNx1.5-B > Rs. 292.56 Lakhs, where A, N, and B are as defined above.