North Eastern Railway Tender

The bid capacity required to bid can be calculated using the following information: * The tenderer must have a minimum average annual contractual turnover of V/N or V, whichever is less, where V = Advertised value of the tender in crores of Rupees, and N = Number of years prescribed for completion of work for which bids have been invited. However, since the value of N is not provided, the exact bid capacity required cannot be calculated using this formula. Alternatively, the bid capacity required can also be determined by the following categories of work(s) during the last 07 years: * Three similar works costing not less than 30% of the advertised value of the tender. * Two similar works costing not less than 40% of the advertised value of the tender. * One similar work costing not less than 60% of the advertised value of the tender. Given the advertised value of the tender is 36842392.69, the bid capacity required can be calculated as follows: * 30% of advertised value: 0.3 x 36842392.69 = 11052717.81 * 40% of advertised value: 0.4 x 36842392.69 = 14736970.28 * 60% of advertised value: 0.6 x 36842392.69 = 22105435.61 Therefore, the bid capacity required is: * Three similar works costing not less than 11052717.81 * Two similar works costing not less than 14736970.28 * One similar work costing not less than 22105435.61