Food Corporation Of India Tender

The class eligibility requirement to bid or participate in this tender is that the registration limit must be equal to or more than the estimated cost put to tender. However, the specific class of contractor (such as Class A, Class B, etc.) is not explicitly mentioned.

To determine the bid capacity required, we look at the conditions provided. The bid capacity can be calculated based on the estimated cost of the work and the requirements for similar works. The estimated cost for the work is Rs. 3,25,30,850. The bid capacity required can be summarized as: - At least three similar works with a total value of not less than Rs. 1,30,12,340, - Or at least two similar works with a total value of not less than Rs. 1,95,18,510, - Or one similar work with a value of not less than Rs. 2,60,24,680. Alternatively, the bid capacity required can also be determined by the contract amount, which is calculated as Earnest Money / 0.02. Given the Earnest Money is Rs. 6,50,620, the contract amount is Rs. 3,25,31,000. Thus, the bid capacity required is Rs. 3,25,31,000 or more. Formulas for calculating the bid capacity required are: - For three works: Value of similar work ≥ 0.4 * Estimated Cost - For two works: Value of similar work ≥ 0.6 * Estimated Cost - For one work: Value of similar work ≥ 0.8 * Estimated Cost And Bid capacity = Contract amount = Earnest Money / 0.02. In this case, Bid capacity = Rs. 3,25,31,000 or more. Performance Guarantee = 0.05 * Bid capacity. Therefore, the bid capacity required in the given tender to bid having value and formulas is at least Rs. 3,25,31,000 or more, with specific conditions and formulas provided for similar works and contract amount.