Irrigation Department Tender

The bid capacity required in the given tender to bid is as follows: 1. Average annual financial turnover in Civil works of not less than 30% of the estimated value of work during the last 3 years, updated to the current financial year price level at 7% per annum. 2. Annual Financial turnover in Civil works of not less than the estimated value of work in any one year during the last 5 financial years, duty authenticated by C.A., updated to the current financial year price level at 7% per annum. The formulas for calculating the bid capacity required are: 1. Average Annual Turnover = (Total Turnover for the last 3 years) / 3 2. Required Turnover = 30% of the Estimated Value of the Work 3. Updated Turnover = Historical Turnover * (1 + 7%)^n, where n is the number of years from the historical data to the current year. Additionally, the formula for updating the annual financial turnover to the current year price level is: Updated Turnover = (Previous Year's Turnover) x (1 + 0.07)^n, where n is the number of years between the previous year and the current year.