Water Resources Department Tender

The class eligibility requirement to bid or participate in this tender is "A" Class.

The bid capacity required in the given tender involves various aspects, including financial soundness and performance security. For the performance security, the bid capacity depends on the difference between the estimated cost put to tender and the bid amount, with the following formulas: 1. For differences below 5%, no additional performance security is required. 2. For differences between 5% and 10%, 50% of the difference between the estimated cost and the bid amount is required as additional performance security. 3. For differences of 10% or more, 150% of the difference between the estimated cost and the bid amount is required as additional performance security. Additionally, the bid capacity includes the requirement for: 1. Current assets to current liabilities 2. Total liabilities to net worth. The bidder is also required to provide information on their maximum annual value of work that they can handle and submit a Certificate of financial soundness by a Bank. However, specific formulas for calculating bid capacity are not provided for all aspects. Therefore, the bid capacity required in the given tender includes the mentioned performance security formulas and financial requirements.