Irrigation Department Tender

Category "A" or above.

The bid capacity required in the given tender to bid having value and formulas is: 1. Financial Capacity: Average annual turnover of at least 30% of the cost of work. - Formula: Minimum Required Turnover = 0.3 * COST OF WORK - Formula: Average Annual Turnover ≥ 0.3 * COST OF WORK 2. Experience Capacity: - Three similar works: 3 * (Value of each work) ≥ 0.4 * Estimated Cost - Two similar works: 2 * (Value of each work) ≥ 0.5 * Estimated Cost - One similar work: 1 * (Value of the work) ≥ 0.8 * Estimated Cost - Alternatively stated: - For three works: Total Cost of Similar Works ≥ 0.4 * Estimated Cost - For two works: Total Cost of Similar Works ≥ 0.5 * Estimated Cost - For one work: Total Cost of Similar Work ≥ 0.8 * Estimated Cost Additionally, the Assessed available Bid capacity formula is given as (2AN-B) should be greater than the Estimated Value of the work, where: - A = Maximum Value of Civil Engineering works executed in any one year (updated by giving 8% simple weightage per year) - N = Number of years prescribed for completion of the works - B = Value of existing commitments