Corporation Of Chennai Tender

Class I Registered contractor

The bid capacity required in the given tender to bid is as follows: - The Bidder should have annual turnover of 1.50 times the value of work in any one of the last five years, which can be calculated using the formula: Annual turnover = 1.50 * value of work. - The Bidder should have successfully completed similar building works with a value of: - Three similar completed works costing not less than 40% of the estimated cost (3 works x minimum value of Rs.36.17 Lakhs), which can be calculated using the formula: Minimum work experience value = 0.40 * estimated cost. - Or, two similar completed works costing not less than 50% of the estimated cost (2 works x minimum value of Rs.45.21 Lakhs), which can be calculated using the formula: Minimum work experience value = 0.50 * estimated cost. - Or, one similar completed work costing not less than 80% of the estimated cost (1 work x minimum value of Rs.72.39 Lakhs), which can be calculated using the formula: Minimum work experience value = 0.80 * estimated cost. - The minimum amount of liquid assets and/or credit facilities net of other contractual commitments of the successful Bidder shall be 30% of the tender value of work, which can be calculated using the formula: Minimum liquid assets = 0.30 * tender value of work. Additionally, the bid capacity can be calculated using the formula: Bid capacity = AxNx1.5 - B, where A = Maximum value of turnover in anyone of the years during the last 5 years, N = No. of years prescribed for completion of the work for which Bids are invited, and B = Existing commitments and ongoing works to be completed during the next two years. The Assessed Available Bid capacity can also be calculated using the formula: Assessed Available Bid capacity = (A x N x 1.5) - B, where A = Maximum annual turnover in any one year during the last five years (updated to 2022-23 price level), N = Number of years prescribed for completion of works for which bids are invited, and B = Value, at price 2022-23 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 condition for bid capacity is: Bid capacity > Value of the work. The weightage for the value of works executed and financial turnover is as follows: - 2022-23: 1X Financial Turnover - 2021-22: 1.10X Financial Turnover - 2020-21: 1.21X Financial Turnover - 2019-20: 1.33X Financial Turnover - 2018-19: 1.46X Financial Turnover The average annual financial turnover required is at least Rs.226.05 Lakhs over the last 5 years. The minimum liquid assets and/or credit facilities required is Rs.27.13 Lakhs. The technical personnel required include a Project Manager, Site Engineers, and Foremen/Supervisors with specified minimum qualifications and experience.