East Central Railway Tender

The bid capacity required in the given tender to bid having value is Rs. 4144636.88. The formula for calculating the average annual contractual turnover is: V/N or 'V' whichever is less; where V= Advertised value of the tender in crores of Rupees N= Number of years prescribed for completion of work for which bids have been invited. Additionally, the technical eligibility criteria provide formulas for calculating the bid capacity based on similar works: 1. For three similar works: 3 * 0.3 * Total Value 2. For two similar works: 2 * 0.4 * Total Value 3. For one similar work: 1 * 0.6 * Total Value However, these formulas are based on the technical eligibility criteria and might not directly translate to the bid capacity required. The most relevant figure related to bid capacity from another source is the Earnest Money (Rs.) of 379,000.00, but this is more about ensuring the bidder's seriousness rather than their financial or technical capacity to execute the project. The average annual contractual turnover shall be calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet. Therefore, the bid capacity required is: Minimum average annual contractual turnover of V/N or 'V' whichever is less.