Roads And Buildings Department Tender

The class eligibility requirement to bid or participate in this tender is "AA" & Sp. Cat-I (Road).

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, 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 capacity required is a minimum cash investment of up to 25% of the value of the work during implementation of the contract, which can be represented as: Minimum Cash Investment = 0.25 x Value of the Work It is also inferred that the Available bid capacity ≥ Evaluated bid price. However, a specific bid capacity value or formula directly calculating it based on the tender value is also mentioned as part of the qualification criteria, which includes achieving a minimum annual financial turnover and experience in successfully completing contracts. Formulas for calculating enhanced factors for costs of works executed and financial figures are provided, but they are used for updating financial figures to the current price level. Therefore, multiple formulas and criteria are provided to determine the bid capacity required.