Municipal Corporation Tender

Class II in civil with Maharashtra Jeevan Pradhikaran.

The bid capacity required in the given tender can be calculated using the formula: BIDDING CAPACITY = (2 x N x A) – B Where: A = Average of engineering works of maximum value executed by the contractor in any three years of the last five years, upgraded to the present year by the formula: 1 + (WPI Present – WPI Max Value years) WPI Present: Wholesale price index of the month and year in which the tender is invited. WPI Max Value years: Average wholesale price index of the year in which the maximum value of engineering works executed. N = Number of years prescribed for completion of the work for which the present bid is invited. B = Value of existing commitment and ongoing works to be completed during the period of completion of the work. For this tender, N = 3 years (as the time limit for completion of the work is 3 years). Alternatively, the bid capacity required in the given tender is 5% of the estimated cost of the tender, with an initial security deposit of 3% in cash or in the form of FDR or BG from any nationalized or scheduled bank, and a balance of 2% to be deducted from RA bills. The formulas for calculating the security deposit are: - Initial security deposit: 3% of estimated cost - Balance security deposit: 2% of RA bills The total security deposit is 5% of the tender value. Additionally, the net worth should be 8% of the tender cost for continuous 3 years from the financial year in which they desire to take the work. The bid capacity required in the given tender can also be represented by the formula: 1 + (WPI Present – WPI Max Value years) X Maximum value of engineering works However, the Earnest Money Deposit is Rs. 4,00,000/- (four lakh only). The bid capacity required in the given tender having value and formulas is found.