Corporation Of Chennai Tender

Class I

The bid capacity required 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. Alternatively, the bid capacity required can also be represented as: Bid Capacity ≥ Total Bid Value. The minimum annual financial turnover required is: Minimum annual financial turnover = 1 * Value of the project being bided Given the value of the project being bided as Rs.474.81 Lakhs, the minimum annual financial turnover required would be Rs.474.81 Lakhs. Additionally, the estimated cash flow required is: 50% of the total value of the project = 50% of Rs. 474.81 Lakhs = Rs. 237.41 Lakhs The minimum liquid assets and/or credit facilities required is: 50% of the package value = Rs. 237.41 Lakhs Therefore, the bid capacity required can be summarized as follows: - Minimum annual financial turnover: Rs. 474.81 Lakhs - Estimated cash flow required: Rs. 237.41 Lakhs - Minimum liquid assets and/or credit facilities: Rs. 237.41 Lakhs The experience requirement is: At least one project with a value of not less than 40% of the tender value (Rs.189.92 Lakhs) in the last five years. The financial turnover requirement is: A minimum annual financial turnover equal to 100% of the project value in at least two of the last five financial years. The project value can be calculated by dividing the 40% value by 0.4: Project Value = Rs.189.92 Lakhs / 0.4 = Rs.474.8 Lakhs. The required financial turnover for two of the last five years would then be at least Rs.474.8 Lakhs each year to meet the 100% project value requirement.