Rail Wheel Plant Tender

To determine the bid capacity required, we look at specific requirements such as financial turnover, experience, and any formulas provided. The estimated bid value is 41520000, and for past experience of similar services, bidders must have completed services under certain conditions: 1. Three services costing not less than 40% of the estimated cost, which is 16608000. 2. Two services costing not less than 50% of the estimated cost, which is 20760000. 3. One service costing not less than 80% of the estimated cost, which is 33216000. Thus, the bid capacity requirements are: * Three similar services with a total value of at least 16608000. * Two similar services with a total value of at least 20760000. * One similar service with a total value of at least 33216000. Additionally, the Minimum Average Annual Turnover required is 208 Lakh for 3 years, and the Years of Past Experience Required is 1 year. Therefore, the bid capacity required includes specific financial and experience criteria but does not directly mention a formula for "bid capacity" itself beyond these requirements. However, given the details about estimated bid value and past experience, we can infer the necessary conditions for bid capacity. The bid capacity required is: 1. Minimum Average Annual Turnover: 208 Lakh (for 3 years) 2. Years of Past Experience: 1 Year 3. Past experience of similar services with specific cost conditions as mentioned. Given this, the answer to the query about extracting bid capacity required in the given tender to bid having value and formulas is found within the provided details.