Eastern Railway Tender

The bid capacity required to bid in the given tender can be calculated using the formula: V/N or V, where V is the advertised value of the tender and N is the number of years for completion of work. Given the advertised value of the tender is 29756075.00 and the period of completion is 1 year, the minimum average annual contractual turnover required is V/N = 297.56 (in crores) or 29756075.00 (in rupees). Alternatively, the bid capacity required can also be calculated using the following conditions: - Three similar works each costing not less than 30% of the advertised value of the tender, which is 8926822.50 - Two similar works each costing not less than 40% of the advertised value of the tender, which is 11902430.00 - One similar work each costing not less than 60% of the advertised value of the tender, which is 17853645.00 Therefore, the bid capacity required to bid can be calculated using these values and formulas.