Uttar Pradesh Projects Corporation Limited Tender

Bid capacity required in the given tender to bid can be determined by the following conditions and formulas: * Three similar works each costing not less than 40% of the tendered cost: 40% of the tendered cost * Two similar works each costing not less than 50% of the tendered cost: 50% of the tendered cost * One similar work costing not less than 80% of the tendered cost: 80% of the tendered cost * Minimum financial turnover of at least 30% of the estimated cost during the last 5 years: 30% of the estimated cost Additionally, the formula for bidding capacity is: Bidding Capacity = {[AxNx2.5]-B} Where, A = Maximum turnover in construction works executed in any one year during the last seven years N = Number of years prescribed for completion of work for which bids have been invited B = Value of existing commitments and ongoing works to be completed during the period of completion of work for which bids have been invited. Also, Bid Capacity = 30% of Estimated Cost However, the exact estimated cost of the work is not provided.