Department Of Rural Development And Panchayats Tender

The bid capacity required in the given tender can be calculated using the formula: Assessed Available Bid capacity = (A*N*M – 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 last year at the rate of 8 percent simple interest a year) N = 1, if Completion time is more than 6 months, N=0.5 if completion time is less than equal to six months. M = 3 B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Alternatively, the bid capacity is also dependent on the amount put to bid, with requirements of - 60% of the amount put to bid if it is Rs.200 lakhs or less, - 75% of the amount put to bid if it is more than Rs.200 lakhs. However, another source mentions that the bid capacity required is calculated as per Annexure -B, but the exact formula is not provided. It is mentioned that bidders who meet the minimum qualification criteria will be qualified only if their available bid capacity for construction work is equal to or more than the total bid value, with the additional condition that the applicant should have achieved Annual Turnover in any of the year over the last five years, which is - 60% of amount put to bid, in case the amount put to bid is Rs.200 lakhs and less, - 75% of amount put to bid, in case the amount put to bid is more than Rs. 200 lakhs.