Eastern Railway Tender

The bid capacity required in the given tender to bid includes two main components: 1. Minimum average annual contractual turnover: - Calculated as V/N or 'V' whichever is less; - Where V = Advertised value of the tender in crores of Rupees - N = Number of years prescribed for completion of work for which bids have been invited. - The average annual contract turnover shall be calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet. - The tenderer must have a minimum average annual contractual turnover of 50 lakhs or the calculated value, whichever is less. 2. Successful completion of similar works: - Three similar works each costing not less than 30% of the advertised value of the tender, - Two similar works each costing not less than 40% of the advertised value of the tender, - One similar work each costing not less than 60% of the advertised value of the tender. Given the Advertised Value (75208435.49) and the Period of Completion (24 Months or 2 years), the minimum average annual contractual turnover required to bid can be calculated as follows: - Convert the Advertised Value to crores: 75208435.49 / 10000000 = 7.520843549 crores. - Calculate V/N: V/N = 7.520843549 / 2 = 3.7604217745. - Since V (7.520843549) is greater than V/N (3.7604217745), the minimum average annual contractual turnover required is 3.7604217745 crores or approximately 37.6 million. Using the given Advertised Value (75208435.49), the values for similar works can be calculated as: - 30% of 75208435.49 = 22562530.647, - 40% of 75208435.49 = 30083374.198, - 60% of 75208435.49 = 45125061.294.