National Highways Authority Of India Tender

The bid capacity required in the given tender is the Annual Remittance, with the highest value to be selected. The formula for correction of errors in the Bid is: "Where there is any discrepancy between the amounts in figures and in words, the amount in words shall prevail." Additionally, the bid capacity is related to the net worth of the bidder, which should be more than 10% of the Annual Potential Collection (APC), calculated as: Net Worth > 0.10 * APC Net Worth > 0.10 * 112.05 Crore Net Worth > 11.205 Crore The bidder should also have positive net cash accruals during any two Financial Years out of the last three Financial Years. Another aspect of the bid capacity is the Performance Security, which can be calculated as 15 days' agreed remittance. The Performance Security for the bid is also mentioned as Rs. 500 Crore, valid for a period of 14 months from the Date of LOA. The differential performance security for an existing agency is calculated as: Differential Performance Security = Performance Security as per new award - Performance Security already deposited for the existing contract. The Bid Security is an amount equivalent to 1% of APC (Annual Project Cost) or Rs.10,00,000/-, whichever is higher. Formulas: 1. Net Worth > 0.10 * APC 2. Performance Security = 15 days' agreed remittance 3. Differential Performance Security = Performance Security as per new award - Performance Security already deposited for the existing contract 4. Bid Security = 1% of APC or Rs.10,00,000/-, whichever is higher. Values: 1. Net Worth > 11.205 Crore 2. Performance Security = Rs. 500 Crore 3. APC = Rs. 112.05 Crore 4. Bid Security = 1% of APC or Rs.10,00,000/-.