Uttar Pradesh Housing And Development Board Tender

The class eligibility requirement to bid or participate in this tender is "A" Class Approved electrical license.

The bid capacity required can be determined using the following formulas and conditions: 1. For works more than Rs.50.00 Lacs & above, the bid capacity should be at least 50% of the estimated cost, and 12% of the bid value. Additionally, the solvency requirement is: - Rs. 50.00 lacs for bid value up to Rs. 500.00 lacs - Rs. 75.00 lacs for bid value above Rs. 500.00 lacs Formulas: - Bid capacity = 50% of estimated cost - Bid capacity = 12% of bid value The bid capacity required can be summarized as follows: - Up to Rs. 500.00 lacs bid value: Rs. 50.00 lacs - Above Rs. 500.00 lacs bid value: Rs. 75.00 lacs Also, the average annual financial turnover during the last 3 years should be at least 50% of the estimated cost, and the liquid assets should be 12% of the bid value. The experience requirement is: - One similar completed work costing not less than amount equal to 80% of the estimate cost - Two similar completed work costing not less than amount equal to 50% of the estimate cost - Three similar completed work costing not less than amount equal to 40% of the estimate cost Thus, bid capacity is tied to the ability to fulfill these conditions, especially in terms of financial capability (turnover, liquid assets, solvency) and experience.