Rural Development Department Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: Assessed Available Bid Capacity = (A * N * 2) - B Where: A = Maximum value of 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. Additionally, the bid capacity required includes providing detailed information on ongoing and completed projects. The tender documents also mention the requirement for Additional Performance Security (APS) when the bid amount is less than the estimated cost put to tender, with the following formulas: - Below 5% difference: No Additional Performance Security - From 5% above and below 10% difference: 50% of (Difference between estimated cost put to tender and Bid Amount) - From 10% and above difference: 150% of (Difference between estimated cost put to tender and Bid Amount) Other bid capacity requirements include: - EMD/Bid Security: 1% of the estimated cost for general bidders, or 2% for those hiring from outside the state. - Cost of Bid Document: Fixed at Rs.10,000. - Additional Performance Security (APS): - For differences between 5% and 10%: 0.5 * (Estimated Cost - Bid Amount). The bidder's available bid capacity at the expected time of bidding should be more than the total estimated cost of the works.