Water Resources Department Tender

Class - I (State level) with a monetary limit of Rs.75.00 Lakhs and above.

The bid capacity required in the given tender can be calculated using the formula: Assessed available bid capacity of applicant = (Ax1.5XN) – B Where A - Maximum value of work executed in any one year during the past five years. N - Number of years fixed for completion of the work for which the bid invited. B - Value of existing commitments and ongoing works to be completed during the contract period of the work for which bid is invited. Given values are: A.T. = 1.5 time of work value = 1.5 x Rs.224.27 x 12/12 = Rs. 336.41 lakhs (or) 337.00 Lakhs The work value is Rs.224.27 lakhs, and the period of completion is 12 months. One month current activity = (Work Value / Period of Completion) / 3 = (Rs.224.27 lakhs / 12) / 3 = Rs.56.07 lakhs / 3 = Rs.18.69 lakhs However, the tender specifies that the applicant should have a working capital available at least sufficient to finance one month current activity, which is Rs.19.00 lakhs. Therefore, the bid capacity required in the given tender is Rs.19.00 lakhs and also should be more than the total bid value of the work. Additionally, the tender provides formulas for price adjustment for increase or decrease in the cost of cement, steel, and local materials. The formulas are: Vc = 0.85 x Pc/100 x R x (Ci - Co)/Co Vs = 0.85 x Ps/100 x R x (Si - So)/So Vm = 0.85 x Pm/100 x R x (Mi - Mo)/Mo Where: Vc = Increase or decrease in the cost of work during the quarter under consideration due to changes in the rates for cement Vs = Increase or decrease in the cost of work during the quarter under consideration due to changes in the rates for steel Vm = Increase or decrease in the cost of work during the quarter under consideration due to changes in rates for local materials Pc = Percentage of cement component of the work (7.25%) Ps = Percentage of steel component of the work (5.75%) Pm = Percentage of local material component (other than cement, steel, bitumen and POL) of the work (46.83%) R = unknown Ci = The all India average wholesale price index for cement for the quarter under consideration Co = The all India average wholesale price index for cement for the quarter preceding the date of opening of Bids/Date of agreement Si = The all India average wholesale price index for steel (Bars and Rods) for the quarter under consideration So = The all India average wholesale price index for steel (Bars and Rods) for the quarter preceding the date of opening of Bids/Date of agreement Mi = The all India average wholesale price index (all commodities) for the quarter under consideration Mo = The all India average wholesale price index (all commodities) for the quarter preceding the date of opening of Bids/Date of agreement The value of the bid capacity required is also Rs.30.00 Lakhs and Annual Turnover showing their capacity to execute this work. The value of the bid capacity required is Rs.337.00 Lakhs. The bid capacity required in the given tender to bid having value is Rs.19.00 Lakhs, Rs.30.00 Lakhs, and Rs.337.00 Lakhs and formulas are Assessed available bid capacity of applicant = (Ax1.5XN) – B, Vc = 0.85 x Pc/100 x R x (Ci - Co)/Co, Vs = 0.85 x Ps/100 x R x (Si - So)/So, and Vm = 0.85 x Pm/100 x R x (Mi - Mo)/Mo.