New Okhla Industrial Development Authority Tender

The bid capacity required can be calculated using different formulas based on the specific requirements of the tender. For solvency, the bid capacity required is 40% of the total estimated cost, which can be calculated as: Bid Capacity = 0.4 * Total Estimated Cost Given the total estimated cost is 77212290.95 Rs, the solvency required is: Solvency = 0.4 * 77212290.95 = 30884917.00 Rs. For experience, the bid capacity required is based on the cost of similar completed works, which can be: - Three similar works, each costing not less than 40% of the estimated cost (3 * 30884917.00 Rs) - Two similar works, each costing not less than 60% of the estimated cost (2 * 46327375.00 Rs) - One similar work costing not less than 80% of the estimated cost (61769833.00 Rs) For turnover, the bid capacity required is an average annual financial turnover of at least 30% of the estimated cost over the last 3 consecutive financial years, which is: Turnover = 0.3 * 77212290.95 = 23163688.00 Rs. Additionally, the bid capacity required for the performance guarantee/security can be calculated based on the difference between the quoted rate and the Bill of Quantity (B.O.Q) rate: - For bids up to 10% below the B.O.Q rate: 0.5% per one percent below the rate - For bids beyond 10% below the B.O.Q rate: 1% per one percent below the rate These formulas provide the basis for calculating the bid capacity required for the tender.