Irrigation Department Tender

The bid capacity required in the given tender 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 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. agreement 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 required turnover is 30% of the COST OF WORK or the estimated value of the work. However, without specific numbers provided for the estimated value of the work or the cost of the work, the exact bid capacity cannot be calculated.