Pradhan Mantri Gram Sadak Yojana Tender

The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid Capacity = (A*N*2-B) Where: A = Maximum value of Civil Engineering works executed in any one year during the last five years (updated to the current price level) B = Value of current price level of the existing commitments & ongoing works to be completed during the next years (period of completion of works for which bids are invited) N = Number of years prescribed for completion of the works for which the bids are invited. For work completion period less than one year, the value will be taken as one year. Additionally, the bid capacity should be more than the Estimated cost of the work. The bidder is required to have a total financial turnover in respect of Civil Engineering works of an amount not less than 60% of the amount put to tender during any year of the last preceding five financial years. Other conditions mentioned are: * The total financial turnover in respect of civil engineering works should be at least 60% of the amount put to tender during any one financial year of the last preceding five financial years. * The Annual turnover should be a minimum of 200% of the annual payment of the work put to tender. * The bidder should have experience of similar nature of work with a value of at least 40% of the estimated cost put to tender during any one financial year in the last preceding five years. The Base Year is 2023-24, and the Period of Completion of Work is mentioned, but these are used as details for the Estimated Cost of the Work. The bidder should indicate actual figures of costs and amounts for the work executed without accounting for the escalation factors. If the financial figures and value of completed works are in foreign currency, the current market exchange rate will be applied for the purpose of conversion of amount in foreign currency into Indian rupees. The escalation factors are as follows: - One year before: 1.10 - Two years before: 1.21 - Three years before: 1.33 - Four years before: 1.46 - Five years before: 1.61 The available bid capacity will be calculated based on the maximum value of civil engineering works executed in the last five years, the value of existing commitments and ongoing works, and the number of years prescribed for completion of the works. The required Bid Capacity is to be more than the Estimated cost of the work.