Corporation Of Chennai Tender

Class I

The bid capacity required in the given tender to bid is 1.5 times the value of the project being bid. Given the package value as Rs. 619.48 Lakhs, 1.5 times of the Package value = 1.5 * 619.48 Lakhs = Rs. 929.21 Lakhs. Formulas for bid capacity required are: - 1.5 times of the Package value = 1.5 * Package value - Bid Capacity = 150% of the project value = 1.5 * Project Value - Bid Capacity = Total certified payments received for contracts in progress or completed. - Assessed Available Bid capacity = (A x N x 1.5 - B) Where A = Maximum value of civil engineering works executed in any one year during the last five years, N = Number of years prescribed for completion of the works for which bids are invited, B = Value, at the current price level, of existing commitments on on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, other formulas derived are: - Minimum Annual Turnover = 1.5 * Package Value - Liquid Assets Requirement = 0.5 * Package Value - Work Value Capacity = 0.8 * Work Value Given values are: - Package Value = Rs.619.47 Lakhs - Minimum Annual Turnover = Rs.929.21 Lakhs - Liquid Assets Requirement = Rs.309.74 Lakhs - Work Value Capacity = Rs.495.58 Lakhs (for 80% of the work value)