Municipal Corporation Tender

To determine the bid capacity required, we need to examine the provided details. The bid capacity required can be extracted as follows: - Average Annual turnover of last three financial years should be at least 30% of the estimated cost of the tender, which is Rs. 9 cr. - Formula: Average Annual Turnover ≥ 0.3 * Estimated Cost - Value: Average Annual Turnover ≥ 0.3 * 9 cr = Rs. 2.7 cr - Bank solvency certificate from a Nationalized Bank / Scheduled Bank should be of an amount not less than 20% of the estimated cost of the tender. - Formula: Bank Solvency ≥ 0.2 * Estimated Cost - Value: Bank Solvency ≥ 0.2 * 9 cr = Rs. 1.80 cr - The bidder should have executed similar works in the last seven years, with a value of: - Option a: At least 3 similar works, each not less than 40% of the estimated tender amount. - Formula: Similar Work Value ≥ 0.4 * Estimated Cost - Value: Similar Work Value ≥ 0.4 * 9 cr = Rs. 3.60 cr (for each of the 3 works) - Option b: At least 2 similar works, each not less than 50% of the estimated tender amount. - Formula: Similar Work Value ≥ 0.5 * Estimated Cost - Value: Similar Work Value ≥ 0.5 * 9 cr = Rs. 4.5 cr (for each of the 2 works) - Option c: At least 1 similar work, not less than 80% of the estimated tender amount. - Formula: Similar Work Value ≥ 0.8 * Estimated Cost - Value: Similar Work Value ≥ 0.8 * 9 cr = Rs. 7.20 cr (for the single work) To bid, the supplier should have completed similar works with a value of: a) at least 40% of the estimated tender amount, which is Rs. 3.60 cr, b) or two similar works with a value of at least 50% of the estimated tender amount, which is Rs. 4.5 Cr, c) or one similar work with a value of at least 80% of the estimated tender amount, which is Rs. 7.20 Cr. The formulas for the bid capacity required are: a) 0.4 * estimated tender amount = Rs. 3.60 cr b) 0.5 * estimated tender amount = Rs. 4.5 Cr (for two similar works) c) 0.8 * estimated tender amount = Rs. 7.20 Cr (for one similar work) The Earnest Money Deposit (EMD) is Rs. 27,00,000/-. The Performance Security is 5% of the order amount. To calculate the Performance Security: Performance Security = 5% of the order amount = 0.05 * order amount Since the order amount is not specified, the Performance Security amount cannot be determined. However, the EMD amount is specified as Rs. 27,00,000/-. The bid capacity required in the given tender to bid having value and formulas is: - Average Annual Turnover: 0.3 * Estimated Cost = Rs. 2.7 cr - Bank Solvency: 0.2 * Estimated Cost = Rs. 1.80 cr - Similar Work Value: a) 0.4 * Estimated Cost = Rs. 3.60 cr b) 0.5 * Estimated Cost = Rs. 4.5 Cr c) 0.8 * Estimated Cost = Rs. 7.20 cr Answer: Average Annual Turnover: 0.3 * Estimated Cost = Rs. 2.7 cr Bank Solvency: 0.2 * Estimated Cost = Rs. 1.80 cr Similar Work Value: a) 0.4 * Estimated Cost = Rs. 3.60 cr b) 0.5 * Estimated Cost = Rs. 4.5 Cr c) 0.8 * Estimated Cost = Rs. 7.20 cr