Central Public Works Department Tender

The bid capacity required in the given tender to bid can be calculated using the formula: Bidding Capacity = {[AxNx1.5]-B} Where, A = Maximum turnover in construction works executed in any one year during the last seven years taking into account the completed as well as works in progress. The value of completed works shall be brought to current costing level by enhancing at a simple rate of 7% per annum. N = Number of years prescribed for completion of work for which bids have been invited. B = Value of existing commitments of ongoing works during the period of execution of work for which bids have been invited. The bidder should have a bidding capacity equal to or more than the estimated cost of the work put to tender. Additionally, for certain entities, A' is used instead of A, where A' = Proportionate share of newly enlisted director/partner in originally enlisted company/firm multiplied by the factor A. For CPWD contractors who are enlisted based on specific rules, the bidding capacity formula is the same, but with A being the Banker certificate figure as submitted by the applicant at the time of enlistment for the first year of enlistment and subsequent fresh bankers certificate for the second and third year respectively. The bidder should submit bidding capacity as per Form 'C-3'. To determine the bid capacity required, the bidder should have satisfactorily completed works with certain cost values within the last seven years, such as: - Three similar completed works each costing not less than Rs. 32.45 crores. - OR - Two similar completed works each costing not less than Rs. 48.67 crores. - OR - One similar completed work costing not less than Rs. 64.90 crores. The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple interest rate of 7% per annum. The formula to adjust the value of executed works to the current costing level is: Adjusted Value = Actual Value * (1 + 7% * number of years since completion) Other requirements include an average annual financial turnover of Rs. 24.34 crores on construction works during the last three years, and experience in executing at least two of the E & M components with a value of at least Rs 16.22 Crores. However, the specific bid capacity value is not explicitly mentioned.