Maharashtra State Road Transport Corporation Tender

The bid capacity required to bid has two main components: 1. Average Annual Turnover: The bidder should have an average annual turnover of at least 30% of the estimated project cost during any last 3 consecutive financial years. The formula for calculating this is: - Average Annual Turnover = (Total turnover for 3 years) / 3 - Minimum required Average Annual Turnover = 0.3 * Estimated project cost 2. Net-worth: The bidder should have a net-worth of at least 10% of the estimated project cost at the close of the preceding financial year. The formula for calculating this is: - Minimum required Net-worth = 0.1 * Estimated project cost The bid capacity required in the given tender is based on the technical capacity and experience of the bidder, with the following conditions: - At least one project: Project cost ≥ 0.8 * Estimated project cost - At least two projects: Project cost ≥ 0.5 * Estimated project cost - At least three projects: Project cost ≥ 0.4 * Estimated project cost Note that the estimated project cost is not explicitly mentioned.