Corporation Of Chennai Tender

Class I

The bid capacity required can be calculated using the formula: Bid capacity = AxNx1.5 - B. Here, 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, 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. Additionally, the bidder should have annual turnover of 1.50 times the value of work in any one of the last five years, and the available bid capacity should be more than the total bid value. The condition for bid capacity is: Bid capacity > Value of the work. However, the exact value of the work is not provided. The estimated cost can be derived from the given compliance criteria: 40% of the estimated cost = Rs. 88.41 Lakhs, 50% of the estimated cost = Rs. 110.52 Lakhs, 80% of the estimated cost = Rs. 176.83 Lakhs. Using these percentages, the estimated cost can be calculated as follows: - For 40%: Estimated Cost = 88.41 Lakhs / 0.4 = Rs. 221.025 Lakhs - For 50%: Estimated Cost = 110.52 Lakhs / 0.5 = Rs. 221.04 Lakhs - For 80%: Estimated Cost = 176.83 Lakhs / 0.8 = Rs. 221.0375 Lakhs The average of these estimated costs is approximately Rs. 221.0375 Lakhs. The bid capacity required is also dependent on the average annual financial turnover, working capital, and similar work experience. The average annual financial turnover of the bidder during the last 5 years should be at least 50% of the estimated cost of the work, which is 0.5 * 221.0375 = Rs. 110.51875 Lakhs. The working capital should be sufficient to finance at least 30% of the value put to tender. The similar work experience can be in one of the following forms: - Three similar completed works costing not less than 40% of the estimated cost, which is 3 * 0.4 * 221.0375 = Rs. 264.45 Lakhs. - Two similar completed works costing not less than 50% of the estimated cost, which is 2 * 0.5 * 221.0375 = Rs. 221.0375 Lakhs. - One similar completed work costing not less than 80% of the estimated cost, which is 1 * 0.8 * 221.0375 = Rs. 176.83 Lakhs. The bid capacity can be summarized with the following formulas and values: - Average Annual Turnover ≥ 0.5 * Estimated Cost = Rs. 110.51875 Lakhs - Working Capital ≥ 0.3 * Tender Value - Similar Work Experience: - 3 works ≥ 0.4 * Estimated Cost each = Rs. 88.41 Lakhs each - 2 works ≥ 0.5 * Estimated Cost each = Rs. 110.52 Lakhs each - 1 work ≥ 0.8 * Estimated Cost = Rs. 176.83 Lakhs The bid capacity required for the tender can be determined using these formulas and values.