Central Coalfields Limited Tender

The bid capacity required can be determined based on two main criteria: financial turnover and work experience. For financial turnover, the requirement is an average annual financial turnover of at least 30% of the estimated cost put to tender. The formula for calculating this can be inferred as the total turnover for the last 3 years divided by 3, with adjustments for inflation. For work experience, the bidder must have completed similar works with values of at least 40%, 50%, or 80% of the estimated cost put to tender, depending on the number of similar works completed. Specifically, the requirements are: - Three similar completed works each costing not less than 40% of the estimated cost. - Or, two similar completed works each costing not less than 50% of the estimated cost. - Or, one similar completed work costing not less than 80% of the estimated cost. Given an estimated cost of ₹9,28,23,842.79, the bid capacity can be calculated as follows: 1. For three similar works: 40% of ₹9,28,23,842.79 = ₹3,71,29,537.12 each. 2. For two similar works: 50% of ₹9,28,23,842.79 = ₹4,64,11,921.40 each. 3. For one similar work: 80% of ₹9,28,23,842.79 = ₹7,42,59,074.23. Therefore, the bid capacity required for a bidder to be eligible can be summarized as: - An average annual financial turnover of at least 30% of the estimated cost. - Completion of similar works with values of at least 40%, 50%, or 80% of the estimated cost, depending on the number of works completed.