Gujarat Housing Board Tender

To extract the bid capacity required in the given tender, we need to examine the provided information for any formulas or specific values related to bidding, particularly those that might indicate a minimum or required bid capacity. The bid capacity required can be determined by looking at the minimum qualifying criteria for the bidder, specifically the technical and financial parameters. For technical parameters, the bidder needs to demonstrate the capability of having successfully completed similar nature of works as a prime contractor/promoters/developer during the last five years. The similar work experience can be demonstrated in three ways: - Three similar completed works, each costing not less than 40% of the estimated cost put to tender. - Two similar completed works, each costing not less than 50% of the estimated cost put to tender. - One similar completed work of aggregate cost not less than 80% of the estimated cost put to tender. For financial parameters, the average annual financial turnover of the last 5 consecutive financial years should not be less than the amount of the tender divided by the number of years for the project completion period. The formulas for calculating the bid capacity are: 1. Technical Capacity: - 3 projects * 40% of tender value - 2 projects * 50% of tender value - 1 project * 80% of tender value 2. Financial Capacity (Average Annual Turnover): - Tender Value / Number of years for project completion Additionally, the bidding capacity of the contractor should be equal to or more than the estimated cost of the work put to tender, calculated using the formula: ABC = [AxNx2] – B where, A = Maximum of updated enhanced amount of work executed in any of year in last five financial years N= Number of years prescribed for completion of work for which bids has been invited. B=Value of existing commitments and ongoing works for which Work Order is issued and to be completed during the period of completion of work for which bids have been invited. Therefore, the bid capacity required in the given tender to bid having value and formulas is found.