Public Works Department Tender

The bid capacity required in the given tender can be calculated using the following formulas: 1. Bid Capacity = 0.10 * Contract Value (as 10% of the value of the contract/contracts applied for) 2. Bid Capacity = 0.25 * Contract Value (as minimum cash investment up to 25% of contract value of work during implementation) Additionally, the available bid capacity can be calculated using the formula: Available Bid capacity = (A x N x M - B) Where: A = Maximum value of Turn over for Civil Engineering works executed in any one year during the last five years. N = Number of years prescribed for completion of the works for which bids are invited. M = 1.5 B = Value of existing commitments, works for which the bidder has emerged as the winner of the bids or on-going works to be completed during the period of completion of the works for which BID is invited. And for Joint Ventures, the available bid capacity of the J.V will be applied for each partner to the extent of his proposed participation in the execution of the work, and the total Bid Capacity available shall be more than the estimated contract value. Also, the financial position can be calculated using the formula: "liquid assets (aggregate of working capital, cash in hand and uncommitted Bank Guarantee’s) and / or credit facilities of not less than 10% of the value of the contract/ contracts applied for". The bidder should have achieved a minimum financial turnover on execution of Civil Engineering works of not less than 50% of the value of the advertised work in any one of the last five financial years. For similar works, the bidder should have: - One single similar work costing not less than 80% of the Advertised cost of the work - Or Two similar works costing not less than 50% each of the Advertised cost of the work - Or Three similar works costing not less than 40% each of the Advertised cost of the work The substantial completion is based on completion of 80% or more of the value of ongoing works completed under the contract. The base year for calculation is 2019-20, and enhancement factors are applied for determination of Available Bid Capacity (ABC) as follows: - Year before: One, Multiplying factor: 1.08 - Year before: Two, Multiplying factor: 1.17 - Year before: Three, Multiplying factor: 1.26 - Year before: Four, Multiplying factor: 1.36 - Year before: Five, Multiplying factor: 1.47 However, the exact formula for calculating the bid capacity is provided in some parts, but the value of B is not explicitly provided in the given text.