Water Resources Department Tender

The formula for bid capacity is not explicitly mentioned, but a related formula for calculating the weighted value of completed works over the last five years is provided as follows: Weighted Value = (Value of works completed in the current year) + (Value of works completed in the previous year * 0.9) + (Value of works completed in the year before that * 0.81) + (Value of works completed three years prior * 0.729) + (Value of works completed four years prior * 0.6561) Where: - Value of works completed in each year refers to the cost of satisfactorily completed works (not less than 80% of the original contract value) in that year. - The weights (1, 0.9, 0.81, 0.729, 0.6561) represent the weightage given to the cost of works completed in each of the last five years, respectively, to adjust for inflation and bring the costs to the current price level. The weightage decreases by 10% for each preceding year. Additionally, a formula for calculating the adjusted turnover, which is related to the bid capacity, is: Adjusted Turnover = Total Annual Turnover x Adjustment factor Where: - Total Annual Turnover is the total gross revenue earned from all types of Civil Engineering construction work only. - Adjustment factor is 10% per year, used to bring the turnover of previous years to the current price level. However, the exact formula for bid capacity is not explicitly mentioned.