Southern Railway Tender

The bid capacity required in the given tender can be calculated using the formula: Available Bid Capacity = [A x N x 2] – 0.33xNxB Where: A = Maximum value of construction works executed and payment received in any one of the previous three financial years or the current financial year (up to date of inviting tender) N = Number of years prescribed for completion of work for which bids have been invited B = Existing commitments and balance amount of ongoing works with the tenderer as per the prescribed proforma of Railway for statement of all works in progress and also the works which are awarded to tenderer but yet not started up to the date of inviting of tender. The tenderer will be qualified only if its available bid capacity is equal to or more than the total bid value of the present tender, which is more than Rs 20 crore. Additionally, the tender requires the bidder to have a minimum average annual contractual turnover of V/N or ‘V’ whichever is less; where V = Advertised value of the tender in crores of Rupees N = Number of years prescribed for completion of work for which bids have been invited. The average annual contractual turnover shall be calculated as an average of “total contractual payments” in the previous three financial years, as per the audited balance sheet. The formula for calculating the average annual contractual turnover is: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3 The required bid capacity can also be represented as: Required Bid Capacity = Advertised Value of Tender * (30% or 40% or 60%) Where, Advertised Value of Tender = The value of the tender as advertised. Formulas for price adjustment and price variation are also provided.