Kerala State Rural Roads Development Agency Tender

To determine the bid capacity required, we look for specific formulas or values that indicate the minimum or required capacity for bidders. One key piece of information is the requirement for "evidence of access to line(s) of credit and availability of other financial resources/ facilities (10 percent of the contract value) certified by banker." However, the primary formula for calculating the bid capacity is provided as: Assessed Available Bid Capacity = (A*N*M - B) Where: A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the last year at the rate of 8 percent a year) N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as ½ and more than 6 months as 1 in a year) M = 2 or such higher figure not exceeding 3 as may be specified B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, for contract values mentioned, the bid capacity in terms of financial resources can be calculated as 10% of the contract value. For example, for a contract valued at 22079378, the required financial resource capacity would be 10% of 22079378. The formula for calculating the required bid capacity based on the given contract value (CV) is: Bid Capacity = 0.10 * CV For the contract values provided: - For 22079378: Bid Capacity = 0.10 * 22079378 = 2207937.8 - For 2844189: Bid Capacity = 0.10 * 2844189 = 284418.9 - For 25961753: Bid Capacity = 0.10 * 25961753 = 2596175.3 - For 2753011: Bid Capacity = 0.10 * 2753011 = 275301.1 - For 28714764: Bid Capacity = 0.10 * 28714764 = 2871476.4 These calculations provide the bid capacity required in terms of financial resources for each contract package.