Irrigation And Waterways Department Tender

The bid capacity required in the given tender to bid having value can be determined by the following formulas and values: 1. Earnest Money Deposit (EMD): 2% of the amount put to tender or Rs. 10 Lakh, whichever is lower for amounts put to tender up to Rs. 25 crore. 2. Technical PQ Credential: - The bidder must have satisfactorily completed at least 1 work of ‘similar in nature’ under Government Sector within the last five FYs with a Gross monetary value of ₹78.33 Lakh (for single bidders) or ₹156.66 Lakh (for Consortium/JV). - The monetary value of each major item or conglomeration of items in the BOQ is to be multiplied by a factor of 0.40 to arrive at the minimum required Technical PQ Credential. 3. Average Annual Financial Turnover: - For individual bidders, the average annual turnover from business for any three financial years within the preceding five financial years should be at least 30% of the amount put to tender. - For Consortium/JV, the average annual turnover should be at least 90% of the amount of the tender, and each entity should have at least 20% of the required average annual turnover for the three preceding financial years. 4. Net Financial Worth: The bidder's net financial worth should be positive in the three financial years for which the annual turnover documents have been uploaded. - Net financial worth = Total Assets - Gross total liabilities > 0 5. Gross Notional Amount: - The gross notional amount calculated should be at least 30% of the amount put to tender for a single bidder, and at least 60% of the amount put to tender for a Consortium/JV. - The formula to calculate the gross notional amount is by multiplying the gross value of the work submitted as PQ Credential by a multiplying factor to take care of the inflationary effects. 6. Average Gross Annual Turnover: - Average Gross Annual Turnover ≥ Σ (Turnover requirements of individual serial of works) - Individual Constituent's Average Annual Turnover ≥ 0.20 * Tender Value These conditions imply that the bidder must have a minimum average annual turnover to be eligible to bid for the tender. The exact turnover requirement is not explicitly stated but can be calculated based on the tender value and the number of serials of work the bidder intends to bid for.