Southern Railway Tender

The bid capacity required in the given tender can be calculated using the following formulas: 1. Technical Eligibility Criteria: - Three similar works each costing not less than 30% of the advertised value of the tender. - Two similar works each costing not less than 40% of the advertised value of the tender. - One similar work costing not less than 60% of the advertised value of the tender. 2. Financial Eligibility Criteria: - The tenderer must have a minimum average annual contractual turnover of ‘1.5 V/N’ or ‘V’, whichever is less. - Where V = Advertised value of the tender in crores of Rupees, which is 50174264.00 or 501.74 crores. - And N = Number of years prescribed for completion of work for which bids have been invited, which is 270 days or approximately 0.74 years. Given the advertised value of 501.74 crores and the period of completion of approximately 0.74 years, the financial eligibility criteria can be calculated as: - Minimum average annual contractual turnover = 1.5 * 501.74 / 0.74 or 501.74, whichever is less. - Minimum average annual contractual turnover = 1017.37 or 501.74, whichever is less. Therefore, the minimum average annual contractual turnover required is 501.74 crores. Additionally, the bid security required is ₹ 4,00,900. However, the exact bid capacity required cannot be determined without knowing the specific details of the tenderer's previous works and financial turnover. But the bid capacity can be related to the technical and financial eligibility criteria mentioned, which are: - Technical: Three similar works each costing not less than 30% of the advertised value (30% of 50174264.00), Two similar works each costing not less than 40% of the advertised value (40% of 50174264.00), One similar work costing not less than 60% of the advertised value (60% of 50174264.00). - Financial: Minimum average annual contractual turnover of 501.74 crores. Thus, the bid capacity required in the given tender can be considered in terms of these technical and financial eligibility criteria.