Water Resources Department Tender

The bid capacity required in the given tender can be calculated using two different formulas: 1. Bid Capacity = (A x N x 2) - B, where: - A = maximum value of annual turnover in any one year during the period of last five years - N = Number of years prescribed for completion of the work - B = Value of existing commitments and ongoing-works 2. Bid-Capacity = (Average Annual Turnover of the bidder for the last 3 years) / N, where: - N = Number of years prescribed for completion of the work Additionally, the bid capacity should be not less than the estimated cost of work put to bid. The estimated cost is related to the average annual turnover required, which is minimum 75% of the cost put to tender, and the minimum value of similar type of single work successfully executed by the contractor. The tender also mentions the requirement for an "Additional Performance Security" if the lowest bid is below the tendered cost, with specific formulas for calculating this security based on the difference between the tendered estimate cost and the bid amount: - Below 1% to 10%: Minimum Rs. 1000/- - 10% to 15% below: 1% of the tendered estimate cost + (percentage below 10%) - More than 15% below: 6% of the tendered estimate cost + 2 * (percentage below 15%) For example, if the bid is 14% below the tendered estimate cost, the Performance Security would be 1% + (14-10)% = 5% of the tendered estimate cost. If the bid is 19% below, the Performance Security would be 6% + (19-15) x 2% = 14% of the tendered estimate cost.