Corporation Of Chennai Tender

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

The Bid capacity required in the given tender is calculated using the formula: Bid capacity = A x N x 1.5 - B Where: A = Maximum annual turnover in any one year during the last five years (updated to 2023-24 price level) N = Number of years prescribed for completion of works for which bids are invited, which is 1 year (12 months) B = Value, at price 2023-24 level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. The condition is that Bid capacity should be greater than the value of the work. The available bid capacity is calculated as: Assessed Available Bid capacity = (A x 1 x 1.5 - B) Which simplifies to: Assessed Available Bid capacity = (1.5A - B) Additionally, the bidder's financial requirements include: 1. Average Annual Turnover ≥ 0.5 * Estimated Cost 2. Working Capital ≥ 0.3 * Tender Value 3. Completed Works: - 3 works ≥ 0.4 * Estimated Cost - 2 works ≥ 0.5 * Estimated Cost - 1 work ≥ 0.8 * Estimated Cost The estimated cost of the work can be inferred as around Rs. 372.03 Lakhs. The Bid capacity > Value of the work, which means the bidder should have a bid capacity greater than the value of the work they are bidding for. The bidder should enclose the bid capacity and if any discrepancy is found later, it will lead to cancellation of the proposal. Therefore, the Bid capacity required in the given tender is: Bid capacity > Value of the work, with the formula Bid capacity = A x N x 1.5 - B.