Jammu And Kashmir State Sports Council Tender

Class A

To determine the bid capacity required, we look at the financial requirements and formulas provided. The bidder should have achieved a minimum average financial turnover of at least 50% of the proposed contract value in any one of the last five financial years. Additionally, there are escalation factors for working out the available bid capacity. The bid capacity can be calculated using the formula: Available Bid capacity = (A x N x M - B), where A is the maximum value of engineering works executed in any one year, N is the number of years prescribed for completion, M is a multiplying factor (usually 1.5), and B is the value of existing and ongoing works. The bid capacity involves specific percentages of the tender or contract value: 50% of the tender amount for annual financial turnover and 10% of the contract value for access to credit and other financial resources. Therefore, the bid capacity required in the given tender can be calculated using the provided formula and involves the following: - Annual financial turnover: At least 50% of the tender amount. - Access to credit and financial resources: 10% of the contract value. - Available Bid capacity = (A x N x M - B), with A, N, M, and B defined as above.