Municipal Corporation Tender

Class A

The bid capacity required in the given tender is defined by the formula: Bidding capacity = [2 * A * N] – B Where, A = Maximum value of works executed in any one year during the last seven years (updated to current price level) N = Number of years prescribed for completion of the works for which tenders are invited B = Value of existing commitments and ongoing works to be completed during the next N year period The available bid capacity (ABC) must be more than the estimated tender cost. Additionally, the bidder should have a minimum annual turnover of Rs. 3,15,03,269.60 in any one year over the last seven financial years, and the applicant should give an undertaking that they have access to or have available liquid assets (aggregate of working capital, cash in hand, and uncommitted bank guarantees) and/or credit facility equal to 25% of the value of the contract/contracts applied. The bidding capacity is calculated using the formula: Bidding capacity = [2 * A * N] - B. Here, A = Maximum value of works executed in any one year during the last seven years, N = Number of years prescribed for completion of the works for which tenders are invited, B = Value of existing commitments and on-going works to be completed during that next N year. The exact value of the bid capacity is to be filled by the applicant using the given formula. Bidding capacity = [2 * A * N] – B where, A = Maximum value of works executed in any one year during the last seven years N = Number of years prescribed for completion of the works for which tenders are invited. B = Value of existing commitments and on-going works to be completed during that next N year.