Corporation Of Chennai Tender

Class I Registered contractor

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 = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the financial year [2023-2024] at the rate of 5% per year) 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 ongoing works to be completed during the period of completion of the works for which bids are invited The bid capacity required is also equal to or more than the total bid value of the work. Additionally, the bidder should have a minimum annual financial turnover of 1.5 times the value of the project being bided, which is Rs.349.98 Lakhs, and access to financial resources of at least Rs.116.66 Lakhs for construction cash flow requirements. The total package value is Rs.233.32 Lakhs, and 80% of the package value is Rs.186.66 Lakhs. Therefore, the bid capacity required in the given tender to bid is: - Minimum annual financial turnover: Rs.349.98 Lakhs - Liquid Assets/Credit Facilities: Rs.116.66 Lakhs - Total package value: Rs.233.32 Lakhs - 80% of the package value: Rs.186.66 Lakhs The formula to calculate the minimum annual financial turnover required is 1.5 times the value of the project being bided, which is 1.5 * Package value = 1.5 * 233.32 Lakhs = Rs.349.98 Lakhs. The estimated cash flow required is 50% of the total value of the project, which is 0.5 * Package value = 0.5 * 233.32 Lakhs = Rs.116.66 Lakhs.