Rural Development Department Tender

The bid capacity required in the given tender to bid can be calculated using the formula: Assessed Available Bid Capacity = (A * N * 2) - B Where: A = Maximum value of works executed in any one year (updated to the current price level) B = Value at current price level of the existing commitments and ongoing works to be completed during the time period stipulated in the contract data 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 year) Additionally, to qualify, a bidder must secure 80% marks in aggregate, with a total of 100 marks available, based on the equipment scoring system provided. The bid capacity required to bid is 80. Also, the Earnest Money Deposit (EMD) is 1% of the estimated cost put to tender, and the Additional Performance Security varies based on the difference between the estimated cost put to tender and the bid amount. Formulas for Additional Performance Security: - For differences below 5%: 0 - For differences from 5% to below 10%: 0.5 * (Estimated Cost - Bid Amount) - For differences from 10% and above: 1.5 * (Estimated Cost - Bid Amount)