Municipality Tender

The bidders should be registered as an "A" Class contractor to participate in this tender.

The bid capacity required in the given tender can be calculated using the formula: Available Bid Capacity = [(A x N x 2.0) - B)] Where: A = Maximum value of construction works executed in any one year during the last Five years updated at the financial year updated at 2023-24 Price level. B = Value of the existing commitments as on date of bid submission for works (complete or partial) to be completed in the next 12 Months. N = Years prescribed for completion of the work for which bids are invited, which is 1 year (12 Months) in this case. Additionally, the bidding capacity of any tender/Bidder is required to be more than or equal to the estimated cost of the work, which is Rs. 3,53,02,410.00/-. The bid capacity required in the given tender to bid is as follows: - Evidence of access to or availability of credit facilities (minimum 10% of estimated cost) certified by the bankers. - Undertaking that bidder would be able to invest a minimum of cost up to 25% of the contract value of work, during implementation of contract. The estimated cost of the work is Rs. 3,53,02,410.00/-, and the bidder should have evidence of access to financial resources to meet the qualification requirements, including a bank certificate for overdraft/credit facilities and an undertaking to invest a minimum of 25% of the contract value. However, the query asks for bid capacity having value and formulas. One formula is provided as Available Bid Capacity = [(A x N x 2.0) - B)]. Another value for bid capacity can be inferred as at least 25% of the value of the work. The bid capacity required is also mentioned in terms of available bid capacity being sufficient to cover the evaluated bid price and the bidder should have executed a contract of similar nature amounting to Rs. 2,15,278.00/- in the last seven years. But, the exact formula to calculate the bid capacity is also mentioned as Available Bid Capacity = [(A x N x 2.0) - B)], and the bidding capacity of any tender/Bidder is required to be more than or equal to the estimated cost of the work. So, the answer would be: Available Bid Capacity = [(A x N x 2.0) - B)] Where: A = Maximum value of construction works executed in any one year during the last Five years updated at the financial year updated at 2023-24 Price level. B = Value of the existing commitments as on date of bid submission for works (complete or partial) to be completed in the next 12 Months. N = Years prescribed for completion of the work for which bids are invited, which is 1 year (12 Months) in this case. And the bidding capacity of any tender/Bidder is required to be more than or equal to the estimated cost of the work, which is Rs. 3,53,02,410.00/-. The bid capacity required in the given tender to bid is as follows: - Evidence of access to or availability of credit facilities (minimum 10% of estimated cost) certified by the bankers. - Undertaking that bidder would be able to invest a minimum of cost up to 25% of the contract value of work, during implementation of contract.