Irrigation Department Tender

Category AA

The bid capacity required to bid is calculated using the formula: (2AN-B) > Estimated Value of the work. Here, A = Maximum Value of Civil Engineering works executed in any one year during the last Five years ending 31st March of the previous financial year (updated by giving 8% simple weightage per year to bring them to Current Financial Year price level) N = Number of years prescribed for completion of the works for which tenders are invited (period up to 6 months to be taken as half-year and more than 6 months as one year) B = Value of existing commitments i.e. agreed works with agreement number & year and ongoing works with agreement number & year to be completed during the period of completion of the project for which tenders are invited. However, a specific value for bid capacity is also mentioned as Rs. 174.00 Lakh, which is 30% of the cost of the work. The formula for calculating this specific value is: 0.30 * Cost of the Work = 0.30 * Rs. 580.00 Lakh = Rs. 174.00 Lakh Thus, the bid capacity required is Rs. 174.00 Lakh.