Varanasi Development Authority Tender

The bid capacity required to bid in the given tender involves both financial and operational capacities. In terms of financial capacity, the key criteria include: - Tender Cost - Earnest Money - Bank Solvency for Liquid Assets, which is specified as 40% of the total estimated cost of the project. The formula for this is: Bank Solvency = 0.4 * Total Estimated Cost. - Turnover, with the average annual financial turnover on construction works needing to be at least 50% of the estimated cost during the last 3 consecutive financial years. The formula for this requirement is: Average Annual Turnover Requirement = 0.5 * Estimated Cost. Operational capacity is assessed through experience, where the bidder must have completed works similar to the one tendered, with specific value criteria: - Three similar completed works each costing not less than 40% of the estimated cost put to tender. The formula for this can be expressed as: 3 * 0.4 * Estimated Cost. - Or, two similar completed works each costing not less than 60% of the estimated cost put to tender, with the formula: 2 * 0.6 * Estimated Cost. - Or, one similar completed work costing not less than 80% of the estimated cost put to tender, with the formula: 1 * 0.8 * Estimated Cost. Therefore, the bid capacity required can be summarized with the following key values and formulas: - Minimum Bank Solvency = 0.4 * Total Estimated Cost - Average Annual Turnover Requirement = 0.5 * Estimated Cost - Experience Requirement (in terms of similar work value): - For three works: 3 * 0.4 * Estimated Cost - For two works: 2 * 0.6 * Estimated Cost - For one work: 1 * 0.8 * Estimated Cost These indicate the financial and operational capacity a bidder must have to participate in the tender, with the bid capacity required being 40% of the total estimated cost.