Municipal Corporation Of Greater Mumbai Tender

The class eligibility requirement to bid or participate in this tender is Class III and above.

The bid capacity required in the given tender can be calculated using the formula: Available Bid Capacity = (A* N* 2 - B) Where, A = Maximum value of Civil Engineering works executed in any one year (year means financial year) during the last five years (updated to the price level of the Financial year in which bids are received at a rate of 10% per year) taking into account the completed as well as works in progress. N = Number of years prescribed for completion of the Project/Works, excluding monsoon period, for which these bids are being invited. (E.g. 7 months = 7/12 year). For every intervening monsoon 0.33 shall be added to N. B = Value of existing commitments (only allotted works) on the last date of submission of bids as per bidding document and on-going works to be completed during the period of completion of the Project/Works for which these bids are being invited. Additionally, the bidder should have access to or have available liquid assets, unencumbered assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the construction cash flow requirements for the subject contract, with a minimum of 15% of the cost of the work tendered for, net of the tenderer's commitment of other contracts. Other relevant formulas include: - The value of executed works shall be brought to current costing level by enhancing the actual value of work at compound rate of 10 % per annum; calculated from the date of completion to last date of receipt of applications for tenders. - Average annual financial turnover = 30% of the estimated cost of work in last Five (5) financial years immediately preceding the Financial Year in which bids are invited. - The turnover can be enhanced by 10% every year to bring the present level.