Municipal Corporation Tender

The bid capacity required in the given tender is Rs. 36,00,000, which is 5% of the contract value. The formula for calculating the bid capacity is 5% of the contract value. Additionally, the bid capacity can also be calculated using the formula: Bid Capacity = (Total Cost per Labor per Day + Service Charge/Administrative Charge) Where: - Total Cost per Labor per Day = Rs. 989 (fixed) - Service Charge/Administrative Charge = A percentage of the total cost (between 3.85% and 7%) The minimum and maximum bid capacity can be calculated as: Minimum Bid Capacity = Rs. 989 + (3.85% of Rs. 989) = Rs. 1027.1415 Maximum Bid Capacity = Rs. 989 + (7% of Rs. 989) = Rs. 1058.23 The average annual turnover required is Rs. 5,40,00,000/- and the work experience required is either a single work of Rs. 5,76,00,000/-, two works of Rs. 3,60,00,000/- each, or three works of Rs. 2,88,00,000/- each. Therefore, the bid capacity required in the given tender is Rs. 36,00,000 or a range between Rs. 1027.1415 and Rs. 1058.23 per labor per day, depending on the service charge/administrative charge percentage applied.