Municipal Corporation Tender

AA

The bid capacity required in the given tender to bid can be determined by the following values and formulas: 1. Average Annual financial turnover during the last 3 years should be at least 30% of the estimated cost. 2. Experience of having successfully completed similar works during the last 7 years, with the following options: - One similar completed work costing not less than 80% of the estimated cost, which is Rs. 6,96,21,204.95. - Or two similar completed works costing not less than 50% of the estimated cost, which is Rs. 4,35,13,253.10. - Or three similar completed works costing not less than 40% of the estimated cost, which is Rs. 3,48,10,602.48. 3. A solvency certificate from bankers of a schedule bank/Nationalized bank for 20% of the Tender Amount, which is Rs. 1,74,05,301.24. Additionally, the cost of works executed will be enhanced by multiplying factors to bring the financial figures to a common base for the value of the works completed in India, with factors ranging from 1.10 to 1.95 for different financial years. The estimated cost of the project is Rs. 8,70,26,506.19. Therefore, the bid capacity required can be summarized as: - One work: Rs. 6,96,21,204.95 (80% of the estimated cost) - Two works: Rs. 4,35,13,253.10 (50% of the estimated cost) - Three works: Rs. 3,48,10,602.48 (40% of the estimated cost) - Solvency certificate: Rs. 1,74,05,301.24 (20% of the estimated amount)