Irrigation Department Tender

The bid capacity required in the given tender to bid is calculated 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 2024 (updated by giving 8% simple weightage per year to bring them to Current Financial Year price level) taking into account the completed as well as works in progress. - 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. The Bidder should have the Assessed available Bid capacity as per this formula greater than the Estimated Value of the work in the same name and style as applied for the bid. Additionally, the bidder should have an average annual financial turnover of at least 30% of the COST OF WORK (without GST) during the last 3 years, ending 31st March of the previous financial year 2024, which can be represented by the formula: Average Annual Turnover ≥ 0.3 * COST OF WORK (without GST). However, for the earnest money deposit, the formula is based on the tender amount, with specific deposit amounts for different tender value ranges. It seems there are multiple criteria and formulas to determine the bid capacity required, including financial soundness and execution of similar work, but the exact formulas for these criteria are not provided.