Municipal Corporation Tender

The class eligibility requirement to bid or participate in this tender is "A" class.

To extract the bid capacity required in the given tender, we need to identify specific clauses or sections that outline the necessary qualifications, financial capabilities, or experience that a bidder must possess. From the provided information, several key points related to bid capacity can be identified: 1. Similar Work Experience: The tenderer needs to have completed similar works with specific cost criteria, such as three similar completed works each costing not less than 40% of the estimated cost, or two similar completed works each costing not less than 50% of the estimated cost, or one similar completed work costing not less than 80% of the estimated cost. 2. Average Annual Turnover: The tenderer should have an Average Annual Turnover during the last 3 years of at least 30% of the Estimated Cost. 3. Solvency Certificate: The tenderer should submit a Solvency Certificate with a minimum value of at least 20% of the total estimated cost. Given these conditions, formulas based on the estimated costs can be derived: - For similar work experience: - 3 * 0.4 * Estimated Cost, or - 2 * 0.5 * Estimated Cost, or - 1 * 0.8 * Estimated Cost. - For average annual turnover: 0.3 * Estimated Cost. - For solvency certificate: 0.2 * Estimated Cost. Additionally, a direct formula for minimum bid capacity is mentioned as 20% of the tendered cost plus the amount of works on hand still to be executed. This can be represented as: \[ \text{Minimum Bid Capacity} = 0.20 \times C + W \] Where: - \(C\) is the tendered cost of the project. - \(W\) is the value of works on hand still to be executed by the contractor. Also, a simpler formula is provided: Bid Capacity = 20% of Tender Value or Bid Capacity = 0.20 * Tender Value Therefore, the bid capacity required in the given tender to bid, having value and formulas, is found and can be calculated using the provided formulas based on the estimated cost and tender value.