Corporation Of Chennai Tender

Class I Contractor with a monetary limit above Rs.75.00 lakhs.

The bid capacity required in the given tender to bid can be extracted as follows: - Average Annual financial turnover during the last 5 years should be at least 50% of the estimated cost. - The minimum amount of liquid assets and/or credit facilities net of other contractual commitments shall be 30% of the tender value of work. - The Bidder should have annual turnover of 1.50 times the value of work in any one of the last five years. Formulas: 1. Average Annual financial turnover ≥ 0.5 * Estimated Cost 2. Liquid assets and/or credit facilities ≥ 0.3 * Tender Value 3. Annual turnover ≥ 1.5 * Value of work Available bid capacity is calculated as: Assessed Available 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. 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 Bid capacity > Value of the work.