Food Corporation Of India Tender

The bid capacity required in the given tender can be calculated based on the estimated cost of the work. The tender notice requires the bidder to have completed similar works related to construction of Building/Godown works, with a certain value. The estimated cost of the work is Rs. 9,03,23,214.00. The tender notice specifies that the bidder should have completed: - At least three similar works costing not less than 40% of the estimated cost put to tender, or - Two similar works costing not less than 60% of the estimated cost put to tender, or - One similar work of aggregate cost not less than 80% of the estimated cost put to tender. Let's calculate these values: - 40% of Rs. 9,03,23,214.00 = Rs. 3,61,29,285.60 - 60% of Rs. 9,03,23,214.00 = Rs. 5,41,93,928.40 - 80% of Rs. 9,03,23,214.00 = Rs. 7,22,58,571.20 So, the bid capacity required is: - At least three similar works with a total value of not less than Rs. 3,61,29,285.60, or - Two similar works with a total value of not less than Rs. 5,41,93,928.40, or - One similar work with a value of not less than Rs. 7,22,58,571.20. Additionally, the bid capacity required is also mentioned as 3340 MT capacity conventional type godown. Formulas are provided for calculating the variation in material cost and POL cost, but these are used to adjust the bid price due to escalation in costs. The formulas are: - Vm = W x (Mm - MIo) / 100 x (Mm / MIo) for materials - Vf = W x (FI - FIo) / 100 x (FI / FIo) for POL Where: - Vm = Variation in material cost - Vf = Variation in cost of Fuel, Oil & Lubricant - W = Cost of Work done - Mm = All India Wholesale Price Index for civil component/electrical component of construction material for the period under consideration - MIo = All India Wholesale Price Index for civil component/electrical component of construction material valid on the last stipulated date of receipt of Tender - FI = All India Wholesale Price Index for Fuel, Oil & Lubricant for the period under consideration - FIo = All India Wholesale Price Index for Fuel, Oil & Lubricant valid on the last stipulated date of receipt of Tender These formulas are used for calculating the escalation in cost due to changes in the price of materials and Fuel, Oil & Lubricant. The bid capacity required in terms of value is Rs. 3,61,29,285.60 or Rs. 5,41,93,928.40 or Rs. 7,22,58,571.20, and in terms of godown capacity is 3340 MT.