Corporation Of Chennai Tender

Class-I

The bid capacity required in the given tender includes specific financial and experiential requirements. In terms of experience, the bidder must have completed either two similar works for a value not less than Rs.1.62 Crore each or one similar completed work for a value not less than Rs. 2.60 Crore. Financially, the bidder must have liquid assets and/or availability of credit facilities of not less than Rs. 97.73 Lakhs. Additionally, the bidder must submit an audited balance sheet for the last five years, demonstrating sound financial projection for the next two years. A specific formula to calculate the required turnover for each year, considering multiplying factors for inflation or other economic factors, is provided. The formula is: Required Turnover = Estimated Cost / Multiplying Factor. For example, for the year 2023-2024, the required turnover would be Rs.4.88 crore / 1.00 = Rs.4.88 crore. Similar calculations can be made for other years using their respective multiplying factors. The work value can be calculated using the given liquid assets/credit facilities, which is 30% of the work value, specified as Rs. 97.73 Lakhs. The formula to find the total work value (WV) is: WV = Rs. 97.73 Lakhs / 0.30, resulting in a work value of Rs. 325.77 Lakhs. Therefore, the bid capacity required includes a financial capability of Rs. 97.73 Lakhs, which is 30% of the total work value of Rs. 325.77 Lakhs, and specific experience requirements in handling projects of significant value.