Western Railway Tender

The bid capacity required in the given tender to bid can be determined by two main factors: the financial eligibility criteria and the experience in similar works. For financial eligibility, the tenderer must have a minimum average annual contractual turnover. This is calculated as V/N or 'V' whichever is less, where V is the advertised value of the tender in crores of Rupees and N is the number of years prescribed for completion of the work. Given the tender's advertised value is 27432865.78 and the completion period is 0.5 years, the minimum average annual contractual turnover required is 2.743286578 crores of Rupees. In terms of experience in similar works, the requirements are as follows: 1. For single-component tenders: - 3 works each costing not less than 30% of the tender value - 2 works each costing not less than 40% of the tender value - 1 work costing not less than 60% of the tender value 2. For composite works (per component): - 3 works each costing not less than 30% of the component's tender value - 2 works each costing not less than 40% of the component's tender value - 1 work costing not less than 60% of the component's tender value 3. For subcontracting: - 1 work costing not less than 35% of the subcontract value, within the last 5 years. Additionally, in case of multiple L-1 bidders, the tender may be awarded to the tenderer having a higher bid capacity, which is determined by the value of similar work done in the last three previous financial years and the current financial year up to the date of opening of the tender. However, the exact formula for calculating this bid capacity is not provided.