Odisha State Civil Supplies Corporation Limited Tender

The bid capacity required in the given tender can be extracted from the conditions that affect the bid's validity, particularly in terms of the price quoted by the bidder. The acceptable range for the bid is within 15% of the tendered amount. The formulas to calculate this acceptable lower limit are: 1. Acceptable Lower Limit = Estimated Cost - (Estimated Cost * 0.15) 2. Acceptable Lower Limit = Estimated Cost - (Estimated Cost * 0.1499) Thus, the bid capacity required to bid, in terms of value and formula, is essentially any bid that is above this calculated lower limit, ensuring it is not more than 14.99% below the estimated cost. Additionally, the bid capacity can also be related to the execution of work of value of at least: a) 20% of the estimated contract value b) 40% of the estimated contract value The values are: a) Rs 54,88,402/- b) Rs. 1,09,76,803/- The bid capacity required is also related to the Earnest Money Deposit (EMD) which is 3% of the estimated value of the contract, and the Security Deposit which consists of 5% of the estimated value of the contract and an additional 5% in the form of an irrevocable and unconditional Bank Guarantee.