National Highways Authority Of India Tender

The bid capacity required in the given tender is the Annual Remittance offered to the Authority. The Selected Bidder will be the one who offers the highest Annual Remittance. The formula for selection is: - The Bidder who offers the highest Annual Remittance shall be declared as the Selected Bidder. - In the event of a tie, the Authority shall identify the Selected Bidder by draw of lots. - If the Highest Bidder withdraws or is not selected, the Authority may invite the remaining Bidders to revalidate or extend their Bid Security and match the Bid of the Highest Bidder. However, there is no specific formula provided for calculating the bid capacity. The bidder needs to quote the Annual Remittance based on the given information, including the Annual Potential Collection (APC) of Rs. 18.27 Crore and the proportion of different categories of vehicles. The Annual Remittance quoted shall constitute the sole criteria for evaluation of bids. The work will be awarded to the Bidder quoting the highest Annual Remittance. In some information, it is mentioned that the bid capacity required is related to the net worth of the bidder, which should be more than 10% of the Annual Potential Collection (APC) of the project. So, the net worth of the bidder should be more than 10% of Rs. 18.27 Crore, which can be calculated as: Net worth > 0.1 * 18.27 Crore Net worth > 1.827 Crore Therefore, the bid capacity required is a net worth of more than Rs. 1.827 Crore.