Northern Railway Tender

The bid capacity required can be calculated using the formula V/N or V, whichever is less, where V is the advertised value of the tender and N is the number of years prescribed for completion of the work. Given the advertised value of the tender is 58653984.16, the bid capacity required is a minimum average annual contractual turnover of V/N or V, whichever is less. To determine the bid capacity required, the tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 years: - Three similar works costing not less than 30% of the advertised value of the tender, which is 17596195.248 - Two similar works costing not less than 40% of the advertised value of the tender, which is 23461593.664 - One similar work costing not less than 60% of the advertised value of the tender, which is 35192390.496 Therefore, the bid capacity required can be any one of the following: - Three similar works with a total value of at least 17596195.248 - Two similar works with a total value of at least 23461593.664 - One similar work with a total value of at least 35192390.496