Corporation Of Chennai Tender

The eligible class requirement to bid or participate in this tender is Class-I.

To determine the bid capacity required, we look at the financial and experience requirements. 1. Minimum Annual Financial Turnover: The bidder should have achieved a minimum annual financial turnover of the approximate estimated cost of Rs. 5.61 crore in any one year from 2019-20 to 2023-24. 2. Experience Requirements: The bidder must have experience in similar works, with specific value requirements: - Three similar completed works for a value not less than Rs. 1.49 Crore each. - Two similar completed works for a value not less than Rs. 1.87 Crore each. - One similar completed work for a value not less than Rs. 2.99 Crore. 3. Liquid Assets/Credit Facilities: The successful bidder shall have a minimum amount of liquid assets and/or credit facilities net of other contractual commitments equal to 30% of the value of the work, which is Rs. 112.25 Lakhs. The bid capacity required in terms of value can be inferred from the minimum values of similar works completed: - For three similar works: 3 * Rs.1.49 Crore = 4.47 Crore - For two similar works: 2 * Rs.1.87 Crore = 3.74 Crore - For one similar work: Rs.2.99 Crore Thus, the bid capacity required, in terms of having completed similar works, can be summarized by these calculations. The bid capacity required to bid is as follows: - The bidder either as sole bidder /Consortium should have already completed similar one work for a value not less than Rs.2.99 Crore - or two similar completed works for a value not less than Rs.1.87 Crore each - or three similar completed works for a value not less than Rs.1.49 Crore each for beautification work in Central/State Government. Formulas for calculating the minimum required bid capacity based on the number of similar works are: 1. For three works: 3 * 1.49 Crore = 4.47 Crore 2. For two works: 2 * 1.87 Crore = 3.74 Crore 3. For one work: 2.99 Crore The minimum annual financial turnover required is 150% of the approximate estimated cost of the project, which is Rs. 5.61 Crore. - Formula: Minimum Annual Financial Turnover = 150% of Rs. 5.61 Crore - Calculation: Minimum Annual Financial Turnover = 1.5 * Rs. 5.61 Crore = Rs. 8.415 Crore The minimum liquid assets and/or credit facilities required is 30% of the value of the work. - Formula: Minimum Liquid Assets/Credit Facilities = 30% of the Value of the Work - Given Value of the Work: Rs. 5.61 Crore - Calculation: Minimum Liquid Assets/Credit Facilities = 0.3 * Rs. 5.61 Crore = Rs. 1.683 Crore The bid security amount is Rs. 3,74,200/-. The key bid capacity requirements include a minimum annual financial turnover of Rs. 8.415 Crore, specific experience in similar works, and minimum liquid assets and/or credit facilities of Rs. 1.683 Crore. Therefore, the bid capacity required in terms of value and formulas is found.