Corporation Of Chennai Tender

Class I Registered contractor

The bid capacity required in the given tender can be extracted as follows: 1. Minimum annual financial turnover: 1.5 times the value of the project being bid (150% of the project value). Formula: 1.5 * Package Value Value: 1.5 * Rs. 838.74 Lakhs = Rs. 1258.11 Lakhs (However, the exact value mentioned is Rs. 1256.99 Lakhs) 2. Experience in civil engineering works: The tenderer should have executed at least one work not less than 80% of the value put in the tender under a single agreement. Formula: 0.8 * Package Value Value: 0.8 * Rs. 838.74 Lakhs = Rs. 671.00 Lakhs (However, the exact value mentioned is Rs. 670.39 Lakhs for 80% of the package value) 3. Liquid assets: The bidder shall provide evidence of access to, or availability of, liquid assets sufficient to meet the projected construction cash flow requirements, which is 50% of the total value of the project. Formula: 0.5 * Package Value Value: 0.5 * Rs. 838.74 Lakhs = Rs. 419.37 Lakhs (However, the exact value mentioned is Rs. 419.00 Lakhs) These are the bid capacity requirements mentioned in the given tender with their respective values and formulas. Additionally, the Assessed Available Bid capacity can be 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, N = Number of years prescribed for completion of the works for which bids are invited, 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. The bid capacity required to bid is equal to or more than Rs. 838.74 Lakhs. The bidder should have access to or availability of liquid assets, unencumbered real assets, lines of credit, and other financial resources that are sufficient to meet the projected construction cash flow requirements, which is 50% of the total value of the project. Formula: 50% of Package value = (Package value) * 0.5 Given Package value = Rs. 838.74 Lakhs, 50% of Package value = (838.74 Lakhs) * 0.5 = Rs. 419.37 Lakhs. The bid capacity required in the given tender is that the liquid assets and/or availability of credit facilities to carry out the work should not be less than 50% of the Package value. The Package value is Rs. 838.74 Lakhs. So, the formula to calculate the bid capacity required is: Bid capacity required = 50% of Package value = 0.5 * 838.74 Lakhs = 419.37 Lakhs. Therefore, the bidder should have a minimum of Rs. 419.37 Lakhs in liquid assets and/or credit facilities to be eligible to bid.