Irrigation And Waterways Department Tender

The bid capacity required to bid in the given tender can be determined by the following values and formulas: 1. For individual bidders: - Average of Gross Annual Turnover should be at least 30% of the amount put to tender. - Formula: Average Annual Turnover ≥ 0.3 * Amount put to tender 2. For Consortiums or Joint Ventures: - Average of Gross Annual Turnover should be at least 90% of the amount put to tender. - Formula: Average Annual Turnover ≥ 0.9 * Amount put to tender Additionally, the Net worth of the bidder should be positive in the three financial years for which the Annual turn over documents have been uploaded. Specific values mentioned include: - Rs. 63,09,216.00 (30% of the Amount put to Tender) for individual bidders - Rs. 1,89,27,647.00 (90% of the Amount put to Tender) for Consortiums or Joint Ventures For a Consortium or Joint Venture, each constituent must have at least 20% of tender value as their individual average of annual turnovers from business in any three financial years within the last five years. Formula: Individual constituent's average annual turnover ≥ 0.20 * Tender value Also, the average of gross annual turnover of the individual bidder/Organization/consortium or Joint Venture for any three financial years within preceding five financial years should not be less than the summation of turnover requirements of the relevant individual serial of works for which the bidder intends to bid. Formula: Average of gross annual turnover ≥ Summation of turnover requirements of individual serial of works Given tender values are Rs. 2,10,30,719.00 and Rs. 3,75,73,504.00. For the tender value of Rs. 3,75,73,504.00, - The required average Gross Annual Turnover for individual bidders = 0.3 * 3,75,73,504.00 = 1,12,72,051.20 - The required average Gross Annual Turnover for Consortiums or Joint Ventures = 0.9 * 3,75,73,504.00 = 3,38,16,053.60 For the tender value of Rs. 2,10,30,719.00, - The required average Gross Annual Turnover for individual bidders = 0.3 * 2,10,30,719.00 = 63,09,215.70 - The required average Gross Annual Turnover for Consortiums or Joint Ventures = 0.9 * 2,10,30,719.00 = 1,89,27,647.10 These values and formulas are used to determine the bid capacity required for participating in the tender.