Municipal Corporation Tender

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

The bid capacity required to bid on the tender includes both financial and experience capabilities. Financially, the bidder must have: - A minimum turnover of Rs. 1,33,99,110.00 over the last three years, calculated as 30% of the estimated cost of the tender (Rs. 4,46,63,700.00). - A solvency certificate with a minimum value of 20% of the estimated cost, which is Rs. 89,32,740.00. In terms of experience, the bidder should have completed similar works with values as specified: - Three similar completed works, each costing not less than 40% of the estimated cost (Rs. 1,78,65,480.00). - Or, two similar completed works, each costing not less than 50% of the estimated cost (Rs. 2,23,31,850.00). - Or, one similar completed work costing not less than 80% of the estimated cost (Rs. 3,57,30,960.00). The formulas used for calculating these requirements are: 1. Required Turnover = 0.3 * Estimated Cost 2. Required Solvency = 0.2 * Estimated Cost 3. Experience Requirement: - For three works: 40% of Estimated Cost - For two works: 50% of Estimated Cost - For one work: 80% of Estimated Cost Given the estimated cost of Rs. 4,46,63,700.00, the specific calculations are: 1. Required Turnover = 0.3 * 4,46,63,700 = Rs. 1,33,99,110.00 2. Required Solvency = 0.2 * 4,46,63,700 = Rs. 89,32,740.00 3. Experience Requirement: - For three works: 0.4 * 4,46,63,700 = Rs. 1,78,65,480.00 - For two works: 0.5 * 4,46,63,700 = Rs. 2,23,31,850.00 - For one work: 0.8 * 4,46,63,700 = Rs. 3,57,30,960.00