Pradhan Mantri Gram Sadak Yojana Tender

The class eligibility requirement to bid or participate in this tender is "A" Class in PWD or Equivalent in CPWD/ Railways and other state Governments.

The bid capacity required in the given tender to bid can be calculated using the formula: Assessed Available Bid Capacity = (A * N * M) - B Where: A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the last year at the rate of 8 percent per year) N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as ½ and more than 6 months as 1 in a year) M = 2 B = Value, at the current price level, of existing commitments and ongoing works to be completed during the period of completion of the works for which bids are invited. Additionally, for bids valued at more than Rs.200 lakhs, 75% of the amount put to bid is considered. The turnover will be indexed at the rate of 8% per year. For joint ventures, the lead partner must meet not less than 50% of the qualification criteria, and each of the remaining partners must meet not less than 25% of all the criteria. The joint venture must collectively satisfy the criteria, with the relevant figures for each of the partners added together to arrive at the joint venture total capacity, which shall be 100% or more. The available bid capacity should be more than the estimated contract value. Also, the bid capacity can be calculated using the formula: Bid Security = 2% of estimated value of the Works Given Bid Security = Rs 11.40 Lacs Estimated value of the Works = Bid Security * 100 / 2 = Rs 11.40 Lacs * 100 / 2 = Rs 57.00 Lacs However, another estimated value of the works is mentioned as 170.85 Lacs, but the exact relation is not clear. Therefore, the bid capacity required in the given tender to bid having value is Rs 57.00 Lacs (estimated) or 170.85 Lacs, and the formulas are: 1. Assessed Available Bid Capacity = (A * N * M) - B 2. Bid Security = 2% of estimated value of the Works 3. 75% of the bid amount for bids over Rs.200 lakhs.