Water Resources Department Tender

The bid capacity required in the tender can be calculated using the formula: Bid Capacity = (A x N x 2) - B. Here, A = Maximum value of Turnover in any one year during the period of last five years (updated to the price level of the year in which the tenders are opened) N = Number of years prescribed for completion of work put to tender. B = Value of existing commitments and ongoing works (updated to the price level of the year in which the tenders are opened) to be completed during the period stipulated for completion of work of the proposed tender. The required bid capacity for this work is Rs 377.92 Lakhs. Additionally, the annual turnover requirement is Rs.566.88 Lakh. Other financial requirements include: 1. Earnest Money (EM): Rs. 188,961 2. Security Deposit (SD): Rs. 377,922 (initial) + Rs. 377,922 (to be deducted from bills) = Rs. 755,844 The performance security is calculated based on the tender offer quoted: - If the tender offer is quoted up to 5% below the estimated cost put to tender, the performance security shall be 5% of the estimated cost put to tender. - If the tender offer is quoted between 5% to 15% below the estimated cost put to tender, the performance security shall be 6% of the estimated cost put to tender. - If the tender offer is quoted more than 15% below the estimated cost put to tender, the performance security shall be 6% plus 2 times the percentage by which the tender offer is more than 15% below the estimated cost put to tender, with a minimum of Rs 1000. Formula for performance security when the tender offer is more than 15% below the estimated cost put to tender: 6% + (2 x (quoted percentage below - 15%)) However, specific details for the "Additional Performance Security Deposit" are not provided. Given the information, the total known financial commitment for bidding (excluding the additional performance security deposit) would be the sum of the Earnest Money and the Security Deposit: Rs. 188,961 (EM) + Rs. 755,844 (SD) = Rs. 944,805.