IREL India Limited Tender

To determine the bid capacity required, we consider the financial soundness criteria and concurrent commitment requirements. The financial soundness criteria specify a minimum average annual turnover. For concurrent commitments, the bidder must submit a list of ongoing projects. Given the estimated bid value and the requirement for the bidder to have executed similar works of certain values, we can infer the scale of projects the bidder should handle. However, the direct calculation of bid capacity involves the total of all balance values of ongoing projects, the estimated value of the current tender, and the average financial turnover. The formula provided for calculating bid capacity is: Total of all balance value (a + estimated value of this tender) should be less than (Average financial turnover * 4). Using the estimated bid value of 23393450 and the average financial turnover of 5900000, the calculation yields: Total of all balance value + 23393450 < 23600000, resulting in Total of all balance value < 206550. Therefore, the bid capacity required for the bidder to be eligible involves ensuring the total of all balance values of ongoing projects is less than 206550, considering the estimated bid value and the average financial turnover. The answer is: Total of all balance value < 206550.