Farakka Barrage Project Tender

To determine the bid capacity required, we look at the financial and experiential requirements. The key points are: 1. Experience: The bidder should have experience in successfully completing similar works, with specific value requirements relative to the estimated cost. 2. Average Annual Financial Turnover: The bidder should have an average annual financial turnover of at least 50% of the estimated cost. 3. Bank Solvency: The bidder should have a bank solvency of at least 40% of the estimated cost. The estimated cost is given as `2,56,88,806/-`. Calculating the values: 1. 40% of `2,56,88,806/-` = `1,02,75,522.40/` 2. 50% of `2,56,88,806/-` = `1,28,44,403/` 3. 80% of `2,56,88,806/-` = `2,05,10,644.80/` Therefore, the bid capacity required can be summarized as: - Three similar works, each not less than `1,02,75,522.40/-` - Two similar works, each not less than `1,28,44,403/` - One similar work not less than `2,05,10,644.80/-` - Average annual financial turnover ≥ 0.5 * EC = 0.5 * `2,56,88,806/-` = `1,28,44,403/` - Bank solvency ≥ 0.4 * EC = 0.4 * `2,56,88,806/-` = `1,02,75,522.40/` Additionally, a bid security of `5,13,776/-` is required. The formulas for bid capacity are: - For experience: 3 works ≥ 0.4 * EC, 2 works ≥ 0.5 * EC, 1 work ≥ 0.8 * EC - For average annual financial turnover: Average turnover over 3 years ≥ 0.5 * EC - For bank solvency: Bank solvency ≥ 0.4 * EC The values are: - `1,02,75,522.40/-` for three similar works - `1,28,44,403/-` for two similar works - `2,05,10,644.80/-` for one similar work - `1,28,44,403/-` for average annual financial turnover - `1,02,75,522.40/-` for bank solvency - `5,13,776/-` for bid security.