Water Resources Department Tender

The bid capacity required in the given tender involves various financial requirements and formulas. 1. Earnest Money Deposit (EMD) or Bid Security: 1% of the estimated contract value (ECV) or as mentioned in the bid document. 2. Price adjustment formulas: - Adjustment for Other Materials Component (VM): VM = 0.85 x Pm/100 x R x (M - M0)/M0 - Adjustment for Cement Component (Vc): Vc = 0.85 x Pc/100 x R x (C1 - C0)/C0 - Adjustment for Steel Component (Vs): Vs = 0.85 x Ps/100 x R x (S1 - S0)/S0 - Adjustment for Bitumen Component (Vb): Vb = 0.85 x Pb/100 x R x (B1 - B0)/B0 These formulas indicate the method for calculating adjustments in the bid price based on fluctuations in material costs. Additionally, bid security and performance security are also part of the bid capacity, with specific percentages and formulas provided for calculating additional security deposits based on the bid amount's deviation from the estimated cost. - Below 5% difference: No Additional Performance Security. - From 5% and above but below 10% difference: 50% of the difference between the estimated cost and the bid amount. - From 10% and above difference: 150% of the difference between the estimated cost and the bid amount. The bidder's financial capability to secure their bid and potentially perform the contract is crucial, with requirements including the submission of specific documents and the ability to fill in rates for items of work. Thus, the bid capacity required in the given tender can be determined through these financial requirements and formulas.