East Coast Railway Tender

To determine the bid capacity required, we look at the financial criteria outlined for bidders. The key criteria related to financial capacity and formulas are as follows: 1. Financial Annual Turn-over (T1): The bidder should have an aggregate financial turnover not less than 1.5 times the advertised Bid value during the last three previous financial years and in the current financial year up to the date of opening of the tender. Formula: Aggregate Financial Turnover ≥ 1.5 * Advertised Bid Value 2. Liquidity (T2): The bidder should have access to or has available liquid assets, lines of credit, and other financial means to meet cash flow that is valued at 5% of the estimated bid value net of applicant's commitments for other contracts. Formula: Liquid Assets + Lines of Credit + Other Financial Means ≥ 0.05 * Estimated Bid Value Given the Estimated Bid Value of 86528362, 1. Aggregate Financial Turnover ≥ 1.5 * 86528362 2. Liquid Assets + Lines of Credit + Other Financial Means ≥ 0.05 * 86528362 Thus, 1. Aggregate Financial Turnover ≥ 129782043 2. Liquid Assets + Lines of Credit + Other Financial Means ≥ 4326918.1 These formulas indicate the minimum financial capacity a bidder must have to be eligible for the tender.