Corporation Of Chennai Tender

Class I

The bid capacity required in the given tender to bid can be calculated using the formula: Assessed Available Bid capacity = (A x N x 1.5 - B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments on ongoing works. Additionally, the bidder should have a minimum annual financial turnover of 1.5 times the package value, which is calculated as total certified payments received for contracts in progress or completed. The formula for this is 1.5 * Package Value. The bidder should also have access to liquid assets and/or availability of credit facilities to carry out the work, which should not be less than 50% of the package value. The required annual financial turnover is 1.5 * Package Value, and the required liquid assets or financial resources are 0.5 * Package Value. Given the package value is Rs. 364.88 Lakhs, the required annual financial turnover is 1.5 * Rs. 364.88 Lakhs = Rs. 547.32 Lakhs, and the required liquid assets or financial resources are 0.5 * Rs. 364.88 Lakhs = Rs. 182.44 Lakhs. Therefore, the bid capacity required includes an annual financial turnover of at least Rs. 547.32 Lakhs in civil engineering construction work and access to liquid assets or financial resources of at least Rs. 182.44 Lakhs.