East Coast Railway Tender

The bid capacity required to bid can be summarized as follows: Technical: - Three similar works, each with a value of at least 10970090.88 - Two similar works, each with a value of at least 14626787.84 - One similar work with a value of at least 21940181.76 These values are calculated based on the advertised value of the tender, which is 36566969.60, as 30%, 40%, and 60% of this value, respectively. The financial eligibility criteria require the tenderer to have a minimum average annual contractual turnover, but the exact formula provided is: Minimum Average Annual Contractual Turnover = V/N or 'V' whichever is less, where V = Advertised value of the tender in crores of Rupees and N = Number of years prescribed for completion of work for which bids have been invited. Given the period of completion is 2 months (or approximately 0.17 years, but for calculation purposes, it seems we should consider the completion period in years as provided, which might be misinterpreted), the formula can be simplified as V/2 or V, whichever is less, considering N as 2 years for a simplified calculation. However, the completion period given as 2 months suggests a need for clarification on N's value for an accurate calculation. Since the advertised value (V) for the financial calculation is given as 36566969.60, converting it to crores gives V = 365.67 crores. Thus, the minimum average annual contractual turnover = 365.67 / 2 or 365.67, whichever is less, which equals 182.835 crores. Therefore, the bid capacity required in the given tender to bid, including value and formulas, is found.