Northeast Frontier Railway Tender

Available Bid Capacity = [A x N x 2] – 0.33xNxB Where, A = Maximum value of construction works executed and payment received in any one of the previous three financial years or the current financial year, N = Number of years prescribed for completion of work for which bids have been invited, B = Value of existing commitments and balance amount of ongoing works with the tenderer. Additionally, the tenderer must have minimum average annual contractual turnover of V/N or 'V' whichever is less; where V= Advertised value of the tender in crores of Rupees N= Number of years prescribed for completion of work for which bids have been invited. The technical eligibility criteria also specify that the tenderer must have successfully completed or substantially completed any of the following categories of work(s) during the last 07 (seven) years: 1. Three similar works each costing not less than 30% of the advertised value of the tender. 2. Two similar works each costing not less than 40% of the advertised value of the tender. 3. One similar work costing not less than 60% of the advertised value of the tender. These conditions can be represented by the formulas: 1. 3 * 0.3 * Tender Value 2. 2 * 0.4 * Tender Value 3. 1 * 0.6 * Tender Value The tenderer will be qualified only if its available bid capacity is equal to or more than the total bid value of the present tender, which is more than Rs 20 crore.