Indian Port Rail And Ropeway Corporation Limited Tender

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

The bid capacity required in the given tender can be summarized as follows: - Similar Works Requirement: - 3 works * 40% of tender value - 2 works * 50% of tender value - 1 work * 80% of tender value - Financial Turnover Requirement: 100% of the advertised tender value Formulas for calculating the required capacity based on similar works and financial turnover are: 1. For three similar works: 3 * 0.4T 2. For two similar works: 2 * 0.5T 3. For one similar work: 1 * 0.8T 4. For average annual financial turnover: 1 * T Where T denotes the tender value. Additionally, the bid capacity required is related to the financial bid, where the bidder needs to quote rates as a single percentage above/below/at par in figures for each schedule/bill in the summary sheet. However, specific formulas for calculating the bid capacity are not directly provided for the financial bid part, but rather a set of criteria that the bidder must meet to be considered eligible.