Rural Development Department Tender

To determine the bid capacity required, we need to look at the financial and experience criteria specified in the tender documents. The tender specifies the following criteria: 1. Average Annual financial turnover during the last 3 years, ending 31st March of the previous financial year, should be at least 40% of the estimated cost. 2. Experience of having successfully completed similar works during last 5 years ending last day of month previous to the one in which applications are invited should be either of the following: - Three similar completed works costing not less than the amount equal to 40% of the estimated cost. - Two similar completed works costing not less than the amount equal to 50% of the estimated cost. - One similar completed work costing not less than the amount equal to 80% of the estimated cost. Given the estimated cost of the tender is 1,96,83,819, we can calculate the required bid capacity as follows: 1. Average Annual financial turnover: 40% of 1,96,83,819 = 0.4 * 1,96,83,819 = 78,73,527.6 2. Experience criteria: - Three similar completed works: 40% of 1,96,83,819 = 0.4 * 1,96,83,819 = 78,73,527.6 - Two similar completed works: 50% of 1,96,83,819 = 0.5 * 1,96,83,819 = 98,41,909.5 - One similar completed work: 80% of 1,96,83,819 = 0.8 * 1,96,83,819 = 1,57,46,655.2 Therefore, the bid capacity required to bid for this tender is at least 78,73,527.6 (40% of the estimated cost) in terms of average annual financial turnover, and the experience criteria require completion of similar works with values ranging from 78,73,527.6 to 1,57,46,655.2, depending on the number of similar works completed.