Western Railway Tender

The bid capacity required in the given tender can be calculated using the formula: Available Bid Capacity = [A x N x 2] – 0.33xNxB Where, A = Maximum value of construction works executed and payment received in any one of the previous three financial years or the current financial year (up to date of inviting tender), N = Number of years prescribed for completion of work for which bids have been invited, B = Existing commitments and balance amount of ongoing works with the tenderer. Additionally, for a Joint Venture (JV), the arithmetic sum of individual “bid capacity” of all the members shall be taken as JV’s “bid capacity”. However, another formula is also mentioned for calculating the average annual contractual turnover, which is related to the bid capacity: Average annual contractual turnover = Total contractual payments in the previous three financial years / 3 And the tenderer must have a minimum average annual contractual turnover of: 1.5 * V / N Where: V = Advertised value of the tender in crores of Rupees N = Number of years prescribed for completion of work for which bids have been invited. The formulas for calculating the required bid capacity based on similar works are: - 30% of the advertised value of the tender for three similar works - 40% of the advertised value of the tender for two similar works - 60% of the advertised value of the tender for one similar work These formulas provide the basis for determining the bid capacity required in the given tender.