Indian Port Rail And Ropeway Corporation Limited Tender

The class eligibility requirement to bid or participate in this tender is 'Class-I Local' or 'Class-II Local' or a combination of 'Class-I Local', 'Class-II Local', and 'Non-local'.

To extract the bid capacity required, we look at conditions that dictate when a bidder must submit additional performance security. This is outlined in sections related to bid evaluation and conditions for substantially lower or unbalanced bids. For a substantially lower bid, if the L1 bidder's price is below the engineer's estimated price by more than 10%, and the difference between L1 and L2 prices is more than 5% of the estimated price, the L1 bidder must provide additional performance security. The formula for this is the minimum of (0.9 * engineer's estimated price - L1 price) or (0.95 * L2 price - L1 price). For an unbalanced bid, if a bidder's price for any schedule is more than 15% below the overall percentage difference between the quoted contract price and the engineer's estimated price, the bidder must provide additional performance security equal to the difference between the quoted percentage and the maximum permitted percentage below, of the estimated price for that schedule. Given these conditions, the bid capacity required in terms of value and formulas relates to the additional performance security calculated by these formulas. However, since "bid capacity" typically refers to a bidder's financial or technical capability, and the provided information focuses on additional performance security, we can infer that the capacity to provide this security is crucial. The formula for additional performance security in the case of a substantially lower bid is: Additional Performance Security = min[(0.9 * Estimated Price - L1 Price), (0.95 * L2 Price - L1 Price)] Where: - Estimated Price is the engineer’s estimated price. - L1 Price is the overall price quoted by the L1 bidder. - L2 Price is the overall price quoted by the L2 bidder. This indicates that the bid capacity required is directly related to the financial capability to provide additional performance security as calculated by these formulas.