Irrigation Department Tender

The bid capacity required in the given tender can be determined by two main factors: Turnover and Experience of Similar Work. 1. Turnover: The bidder should have an annual financial turnover not less than 75% of the estimated value of work in any one year during the last three financial years, updated to the current financial year price level at 8% per annum. Formula: Turnover ≥ 0.75 * Estimated Value of Work * (1 + 0.08)^n, where n is the number of years since the last financial year. 2. Experience of Similar Work: The bidder should have experience of having successfully completed similar nature works during the last 7 financial years, with a weightage of 8% per annum to bring it to the current year price level. Formulas: - Option a: 3 similar completed works costing not less than 0.4 * Estimated Cost - Option b: 2 similar completed works costing not less than 0.5 * Estimated Cost - Option c: 1 similar completed work costing not less than 0.8 * Estimated Cost Additionally, another formula for bid capacity is mentioned as Bid Capacity = 2AN - B, where: - A = Maximum Value of Civil Engineering works executed in any one year during the last Five years (updated by giving 8% simple weightage per year). - N = Number of years prescribed for completion of the works. - B = Value of existing commitments. And, Average Annual Turnover ≥ 0.3 * COST OF WORK. These formulas provide the basis for calculating the bid capacity required for the tender.