Odisha State Police Housing And Welfare Corporation Limited Tender

The class eligibility requirement to bid or participate in this tender is A Class, Spl. Class, and B Class. According to the available information, the specific class requirements for each work are as follows: - Work 1: A Class & Spl. Class - Work 2: A Class - Work 3: A Class - Work 4: A Class - Work 5: A Class - Work 6: B Class & A Class - Work 7: A Class or equivalent. However, it's also mentioned that this bid is open to all Contractors of the mentioned class registered with the State Governments and Contractors of Equivalent Grade / Class Registered with Central Government / MES / Railways for execution of civil works.

The bid capacity required in the given tender to bid is evaluated as per the following formula: Bid Capacity : ‘C’ = A x N x 2 – B, Where, A = Maximum value of Civil Engg. Works executed in any year in preceding 5 yrs. N = No. of year prescribed for completion of works for which bids are invited. B = Value of works in hand at present price level. This formula is used to calculate the available bid capacity, taking into account the maximum value of civil engineering works executed in the last five years, the number of years prescribed for completion of the works, and the value of existing commitments and ongoing works. Additionally, the total value of civil engineering construction work performed in the last five years is to be furnished, with a certificate from a Chartered Accountant, and the bid capacity is required for works above Rs.3 crores. The information on Bid Capacity is to be furnished as per the format in Schedule – G. The formula to calculate available bid capacity can also be represented as: Assessed Available Bid Capacity = (A*N*2 - B) Where: A = Maximum value of works executed in any one year during the last five years (updated to the current price level) B = Value at current price level of the existing commitments and ongoing works to be completed during the succeeding period N = Number of years prescribed for completion of the works for which the bids are invited. An escalation factor is used to update the costs of works executed to a common base value, with multiplying factors ranging from 1.10 for one year to 1.61 for five years.