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 N = Number of years prescribed for completion of the works B = Value of existing commitments The Bidder should have the Assessed available Bid capacity as per this formula greater than the Estimated Value of the work. The formula is: (2AN-B) > Estimated Value of the work. Additionally, the bidder should have an average annual financial turnover during the last 3 years, which should be at least 30% of the estimated cost. So, the bid capacity required can be calculated using the following formulas: - For 1 project: 0.8 * Tender Value - For 2 projects: 0.5 * Tender Value (for each project) - For 3 projects: 0.4 * Tender Value (for each project) - Average annual financial turnover: 0.3 * Estimated Cost Also, 1. Turnover: Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T) 2. Similar Work Experience = 0.3 * Estimated Cost of Current Project Therefore, the bid capacity required involves having a minimum average annual turnover of 30% of the project's cost without G.S.T and similar work experience worth at least 30% of the estimated project cost.