North Central Railway Tender

The bid capacity required to bid in the given tender involves both financial and technical eligibility criteria. Financially, the tenderer must have a minimum average annual contractual turnover of 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 the work. This average is calculated over the previous three financial years based on audited balance sheets. Technically, the requirements vary for non-composite and composite works. For non-composite works, the tenderer must have completed or substantially completed: - Three similar works, each costing not less than 30% of the advertised tender value, - Two similar works, each costing not less than 40% of the advertised tender value, - One similar work costing not less than 60% of the advertised tender value. For composite works, these requirements apply to each component of the tender, with the same percentages relative to the component's advertised value. Formulas to determine the minimum cost of similar works are: - \(Cost \geq P \times T\), where \(P\) is 30%, 40%, or 60% for 3, 2, or 1 similar work(s), respectively, and \(T\) is the advertised value of the tender or its component. Given an example with \(T = \$100,000\), the minimum costs would be: - For three similar works: \(0.30 \times \$100,000 = \$30,000\), - For two similar works: \(0.40 \times \$100,000 = \$40,000\), - For one similar work: \(0.60 \times \$100,000 = \$60,000\). These requirements and formulas outline the bid capacity needed for eligibility but do not provide a singular bid capacity value. Instead, they offer a framework for calculating the required capacity based on the tender's advertised value and the number of similar works completed.