Irrigation Department Tender

The bid capacity required 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 2024 (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. The bid capacity should be greater than the Estimated Value of the work, which is Rs. 200.39 Lakh. Alternatively, the bid capacity required can also be expressed as 30% of the COST OF WORK (without G.S.T), but the exact COST OF WORK is not provided. However, the primary formula for bid capacity is 2AN - B, which should be greater than the estimated value of the work.