Municipal Corporation Tender

The bid capacity required can be calculated using the formula: Assessed Available Bid Capacity = [(A x N x 1.5) - B], where A is the maximum value of civil engineering works executed in any one year, N is the number of years prescribed for completion of the work, and B is the works in hand. Additionally, to qualify, the bidder must meet specific conditions, including achieving a Minimum Turn Over of 75% of the amount put to tender, and satisfactorily completing works of certain values, with specific formulas provided for these conditions: - Minimum Turn Over = 0.75 * Amount put to tender - Minimum work value for condition (A) = 0.4 * Amount put to tender (for 3 works) - Minimum work value for condition (B) = 0.5 * Amount put to tender (for 2 works) - Minimum work value for condition (C) = 0.8 * Amount put to tender (for 1 work) The bidder must also demonstrate the availability of key equipment and meet minimum quantities of main items executed in any one year.