East Central Railway Tender

To determine the bid capacity required, we need to look for specific values or formulas that indicate the required bid capacity. From the given information, there are categories of work that must have been successfully completed, with specific cost requirements. These are: (i) Three similar works each costing not less than 30% of the advertised value of the tender, (ii) Two similar works each costing not less than 40% of the advertised value of the tender, (iii) One similar work costing not less than 60% of the advertised value of the tender. Given the advertised value of the tender is 23525264.11, the bid capacity required can be calculated as follows: (i) Three similar works each costing not less than 30% of 23525264.11: 3 * (0.3 * 23525264.11) = 3 * 7057589.33 = 21172768 (ii) Two similar works each costing not less than 40% of 23525264.11: 2 * (0.4 * 23525264.11) = 2 * 9401010.44 = 18802020.88 (iii) One similar work costing not less than 60% of 23525264.11: 1 * (0.6 * 23525264.11) = 1 * 14115158.66 = 14115158.66 These calculations provide the bid capacity required in terms of the cost of similar works that must have been completed. Therefore, the bid capacity required can be summarized as: - At least 21172768 for three similar works each costing not less than 30% of the tender value, - At least 18802020.88 for two similar works each costing not less than 40% of the tender value, - At least 14115158.66 for one similar work costing not less than 60% of the tender value. These values represent the minimum requirements for the bid capacity based on the completion of similar works.