North Central Railway Tender

To determine the bid capacity required, we look at the financial and operational requirements. Financially, the bidder must have the strength to undertake a project of the advertised value (38173542.15 Rs.) and deposit the earnest money (340900.00 Rs.). Operationally, the bidder must be capable of completing the work within 6 months. For the minimum average annual contractual turnover, the formula is: Minimum Average Annual Contractual Turnover = V/N or V, whichever is less, where V is the advertised value of the tender in crores of Rupees and N is the number of years prescribed for completion of work. Given V = 38173542.15 Rs. (or 38.17 crores, since 1 crore = 10,000,000 Rs.) and N = 0.5 years (since the period of completion is 6 months), we calculate V/N as 38.17 / 0.5 = 76.34 crores. Since V (38.17 crores) is less than V/N (76.34 crores), the minimum average annual contractual turnover required is 38.17 crores. Additionally, the bidder must have successfully completed or substantially completed specific categories of work(s) during the last 7 years, with the following formulas: - 30% of the advertised value for three similar works - 40% of the advertised value for two similar works - 60% of the advertised value for one similar work. Calculating these: - 30% of 38.17 crores = 11.451 crores for each of three similar works - 40% of 38.17 crores = 15.268 crores for each of two similar works - 60% of 38.17 crores = 22.902 crores for one similar work. Thus, the bid capacity required in terms of financial capability, operational capacity, and specific work completion history can be inferred with the given formulas and values.