Roads And Buildings Department Tender

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

The bid capacity required in the given tender can be calculated using the formula: Assessed Available Bid Capacity = (A*N*2-B) Where: A = Maximum value of work executed in any one year during the last five years (updated to the price level of the year indicated in appendix) taking into account the completed as well as works in Progress. B = Value at current price level of the existing commitments and on-going works to be completed during the next (period of completion of work for which bids are invited). N = Number of years prescribed for completion of the works for which the bids are invited. The available bid capacity should be more than the total estimated cost of the works. In the case of a joint venture, the available bid capacity will be applied for each partner to the extent of their proposed participation in the execution of the work. Alternatively, Bid Security (EMD) is equal to 1% of Estimated Amount put to bid / tender and should be rounded off to the next thousand rupees. So, the formula for Bid capacity required is: Bid Security (EMD) = 1% of Estimated Amount put to bid / tender = (1/100) * Estimated Amount put to bid / tender = 0.01 * Estimated Amount put to bid / tender This value should be rounded off to the next thousand rupees.