Rural Development Department Tender

The bid capacity required in the given tender to bid having value and formulas is: - Assessed Available Bid capacity = [ ( A x N x 2) - B ] where A = Maximum value of civil engineering works executed in any one year during the last five years. N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as half-year and more than 6 months as one year). B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, other formulas related to bid capacity are: - Minimum financial turnover = 1.5 * Estimated cost of the project - Minimum investment = 0.1 * Contract/BoQ price of works - Minimum bridge work completion = 0.5 * Bridge length of tender invited - Minimum pile foundation work completion = 0.5 * Total Pile Length - Liquidated damages: 10% of Initial Contract Price (rounded to nearest thousand) and 1% of Initial Contract Price per month (rounded to nearest thousand) - Performance Security: 3% of contract price + additional amount (to be decided after bid evaluation) - Additional cost for completing Works: 20% of value of work not completed. The specific values are: - Minimum financial turnover: Rs. 716.00 Lac - Minimum investment: 10% of the contract/BoQ price of works - Minimum bridge work completion: 38.74 M Length of single bridge work - Minimum pile foundation work completion: 249.7 M of Well Sinking / piling work. Note: The exact estimated cost of the project is not mentioned in the given information, so the minimum financial turnover and minimum investment cannot be calculated exactly.