Southern Railway Tender

The bid capacity required to bid in the given tender can be calculated using the following formulas: 1. Average annual contractual turnover = (Total contractual payments in previous 3 years) / 3 2. Minimum average annual contractual turnover = V/N or V, whichever is less Where V is the advertised value of the tender in crores of Rupees, and N is the number of years prescribed for completion of work. Given the values: V = 2.0319 crores N = 1.5 years The minimum average annual contractual turnover is calculated as: Minimum average annual contractual turnover = V/N = 2.0319 / 1.5 = 1.3546 crores. Since V/N (1.3546) is less than V (2.0319), the minimum average annual contractual turnover required is 1.3546 crores. Additionally, the tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during last 07 years: - Three similar works each costing not less than 30% of advertised value of the tender, - Two similar works each costing not less than 40% of advertised value of the tender, - One similar work costing not less than 60% of advertised value of the tender. The similar work cost can be calculated using the following formulas: - Three similar works: 3 * 0.3V = 3 * 0.3 * 2.0319 = 1.82914 crores - Two similar works: 2 * 0.4V = 2 * 0.4 * 2.0319 = 1.62352 crores - One similar work: 1 * 0.6V = 1 * 0.6 * 2.0319 = 1.21914 crores Therefore, the bid capacity required to bid in the given tender is 1.3546 crores.