Hindustan Steelworks Construction Limited Tender

The bid capacity required can be determined by several factors, including the Net Worth of the company, Average Annual Financial Turnover, and experience in similar works. For Net Worth, it should be at least 10% of the Estimated Cost put to Tender. The Average Annual Financial Turnover for the last 3 years should be at least 40% of the estimated cost put to tender, with the value of annual turnover figures adjusted for inflation at a simple rate of 7% per annum using the formula: (Actual Turnover * (1 + 0.07)^n), where n is the number of years. Additionally, the bidder's experience in similar works is considered, with specific value requirements such as: - Three similar works each costing not less than 40% of the estimated cost put to tender or a specified amount, whichever is less. - Or, two similar works each costing not less than 50% of the estimated cost put to tender or a specified amount, whichever is less. - Or, one similar work costing not less than 80% of the estimated cost put to tender or a specified amount, whichever is less. The value of executed works can be adjusted for inflation at a simple rate of 7% per annum from the date of completion to the previous day of the initial stipulated last date of submission of tenders. Therefore, the bid capacity required is directly tied to the estimated cost of the tender, the bidder's past experience in similar works, and their financial health, with specific monetary values and formulas provided for calculation.