Roads And Buildings Department Tender

Class A

The bid capacity required in the given tender to bid 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 ongoing works to be completed during the next 09 (Nine) Months (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. In the given tender, the estimated value of the works is approximately Rs. 4,60,000.00. Applicants who meet the minimum qualification criteria will be qualified only if their available bid capacity at the expected time of bidding is more than the total estimated cost of the works. In no case, the contract shall be awarded to any bidder whose available bid capacity is less than the evaluated bid price, even if the said bid is the lowest evaluated bid. The available bid capacity will be applied for each partner to the extent of his proposed participation in the execution of the work, in case of a joint venture. However, specific details such as the number of years prescribed for completion of the works (N) are not provided. Given the formula and the context, the bid capacity required is directly related to the ability of the bidder to execute the work, considering their past performance (A), existing commitments (B), and the duration of the project (N). Thus, the bid capacity is not just a simple value but a calculated capacity based on the bidder's history, current commitments, and the project's duration.