Farakka Barrage Project Tender

To determine the bid capacity required, we look at the eligibility criteria for bidders, which includes experience of successfully completed or substantially completed similar works during the last 7 years, with specific cost requirements. The formulas provided are as follows: - Three similar completed works costing not less than 40% of the estimated cost, which is 0.4 * 3,56,40,486 = 1,42,56,194.4 - Two similar completed works costing not less than 50% of the estimated cost, which is 0.5 * 3,56,40,486 = 1,78,20,243 - One similar completed work costing not less than 80% of the estimated cost, which is 0.8 * 3,56,40,486 = 2,85,12,388.8 Additionally, the bidder should have an average annual financial turnover of 50% of the estimated cost during the last three years, which is 0.5 * 3,56,40,486 = 1,78,20,243. The bidder should also have a bank solvency of minimum 40% of the estimated cost, not older than 6 months from the date of publishing of the tender, which is 0.4 * 3,56,40,486 = 1,42,56,194.4. Therefore, the bid capacity required includes having three similar completed works costing not less than 1,42,56,194.4, two similar completed works costing not less than 1,78,20,243, or one similar completed work costing not less than 2,85,12,388.8, along with meeting the average annual financial turnover and bank solvency requirements as specified.