Industries And Commerce Department Tender

The bid capacity required in the given tender to bid having value and formulas is calculated using the formula: Assessed Available Bid capacity = (A*N*2 – B) Where: N = Number of years prescribed for completion of work for which Bid is invited (In this case N=2) A = Maximum value of construction works executed in any one year during the last five years (updated to the price level of the year) B = Value (updated to the price level of the year) of existing commitments and on-going works to be completed during the period of completion of the works for which Bid is invited. Additionally, the bid capacity required also depends on the deviation from the threshold value, with the following formulas: i. Between 10.01% to 15%, 200% of the difference between threshold value and Bid amount ii. Between 15.01% to 20%, 250% of the difference between threshold value and Bid amount iii. 20.01% and above, 300% of the difference between threshold value and Bid amount