Police Department Tender

The bid capacity required in the given tender can be calculated using the formula: Bid Capacity = (A x N x M - B), where A is the maximum value of engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the work, M is 2.5, and B is the value of existing commitments/ongoing works to be completed during the next N years. For the given tender with an estimated cost of ₹260.32 lacs, the bid capacity required in terms of the value of similar works completed is: - At least ₹104.128 lacs for three similar works (40% of the advertised cost), - At least ₹130.16 lacs for two similar works (50% of the advertised cost), - At least ₹208.256 lacs for one similar work (80% of the advertised cost). Additionally, the bidder should have achieved an annual financial turnover of at least 33% of the tender amount, with at least 50% of this turnover coming from relevant works (Civil Engineering, Electrical, or Mechanical). The specific formulas for financial turnover are: - 33% of the value of the tender amount for annual financial turnover, - 50% of the annual financial turnover should be from relevant works. The bid capacity is also dependent on the number of years prescribed for completion of the work, with the period calculated as follows: - Upto 6 months: 0.5, - More than 6 months upto 12 months: 1, - More than 12 months to 18 months: 1.5, - And so on. The values of A and B are updated to the current price level using multiplying factors.