Haryana Urban Development Authority Tender

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 financial turnover in any one year during the last three years, updated to the price level of the last financial year at the rate of 8% per year compounded yearly. N = Number of years prescribed for completion of the works for which bids are invited. B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, specific requirements are mentioned for different types of works, including bituminous work, cement concrete pavement, and others, which may involve equipment ownership or leasing and financial guarantees under certain conditions. Formulas for additional performance security in case of negatively unbalanced bids are also provided, which consider the bid price unbalance as a percentage of the estimated project cost. However, for works put to tender up to a certain value, a valid registration certificate is required, but specific bid capacity formulas are not provided for such cases. Other formulas provided are for calculating bid capacity based on the amount of P.H. work, such as 80% of total amount for one work, 2 x 50% for two works, and 3 x 40% for three works, with the total amount updated to the price level of the last financial year at the rate of 8% per year compounded yearly. The bid capacity required will depend on the specific value of the total amount of P.H. work and other factors such as existing commitments and ongoing construction works, as well as works for which bids have already been submitted. Given the complexity and variability of the bid capacity calculation based on different scenarios and the absence of a single, universally applicable formula, the provided information offers a framework for determining bid capacity rather than a singular, straightforward calculation.