Irrigation Department Tender

AA category or above

The bid capacity required in the given tender can be determined using the formula: 2AN - B. Where: 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. agreemented 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. Alternatively, the bidder should have one similar completed work costing not less than the amount equal to 80% of the estimated cost. In terms of financial requirements, the bid capacity can also be summarized as follows: - Financial Turnover: At least 30% of the COST OF WORK. - Similar Work Value: - 3 works ≥ 40% of the estimated cost. - 2 works ≥ 50% of the estimated cost. - 1 work ≥ 80% of the estimated cost. For a specific tender with an estimated cost of Rs.-634.62 lac, the minimum requirements can be calculated as: - Minimum Turnover Requirement: 30% of Rs.-634.62 lac = Rs.-190.386 lac - Similar Work Experience Value Requirement: 40% of Rs.-634.62 lac = Rs.-253.848 lac Thus, the bid capacity required in terms of financial turnover and experience in similar works can be quantified based on these calculations.