Pradhan Mantri Gram Sadak Yojana Tender

The class eligibility requirements to bid or participate in this tender are "A" Class and "B" Class.

The bid capacity required in the given tender can be calculated using the formula: Assessed Available Bid Capacity = (A * N * 2) - B Where: A = Maximum value of Civil Engineering works executed in any one year during the last five years (updated to the current price level) B = Value of current price level of the existing commitments & ongoing works to be completed during the next years N = Number of years prescribed for completion of the works for which the bids are invited (for work completion period less than one year, the value may be taken as one) Additionally, the bid capacity required is also mentioned in terms of Earnest Money Deposit (EMD) and Bid Cost, with the EMD required being Rs. 10,000.00 for each work, and the Bid Cost varying for each work, ranging from Rs. 3,45,000.00 to Rs. 6,55,000.00. The bid capacity required can also be determined by the formula: Earnest Money + Initial Security = 2% or 3% of the cost of the work. The initial security amount can be calculated using the formula: Initial Security = (2% or 3% of the cost of the work) - EMD. For example, using the 2% example: Initial Security = (0.02 * Cost of the work) - EMD. Thus, the bid capacity required in the given tender involves both the assessed available bid capacity and the earnest money deposit with initial security, which are calculated using the provided formulas.