Roads And Buildings Department Tender

The class eligibility requirement to bid or participate in this tender is Road Works Class 'A' or above, and Special Category - II, which indicates that bidders must belong to Road Works Class 'A' or above.

The bid capacity required in the given tender to bid is 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 B = Value at current price level of the existing commitments and ongoing works to be completed during the next 09 Months N = Number of years prescribed for completion of the works for which the bids are invited. Additionally, the Bid Security (EMD) is equal to 1% of the 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 = (Estimated Amount * 1) / 100, rounded off to the next thousand rupees. However, another formula for Bid Security (EMD) is also given as: Bid Security (EMD) = (1/100) * Estimated Amount And Minimum Cash Requirement is up to 25% of the contract value. The financial health is demonstrated through financial reports and access to credit facilities. The applicant must demonstrate having experience and resources sufficient to meet the aggregate of the qualification criteria for each contract. The minimum criteria include achieving a minimum annual financial turnover and experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) airport runway of at least 40 percent of the value of the proposed contract within the last five years. For personnel capabilities, the applicant must have availability of personnel with adequate experience as required. For equipment capabilities, the applicant must have the minimum suggested major equipment to attain the completion of works in accordance with the prescribed construction schedule. The escalation factors for the cost of works executed and financial figure to a common base value are given. The applicant should indicate actual figures of costs and amount for the works executed by them without accounting for the above-mentioned factors. In case the financial figures and value of completed works are in foreign currency, the current market exchange rate will be applied for the purpose of conversion of the amount in foreign currency into India rupees. The bid capacity required in the given tender to bid having value and formulas is found in the provided information.