Irrigation Department Tender

The bid capacity required can be determined using the following formulas: 1. Assessed available Bid capacity = 2AN - 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 - B = Value of existing commitments Alternatively, - Two Similar completed work costing not less than 50% of the estimated cost - Or One Similar completed work costing not less than 80% of the estimated cost Also, the bidder should have an average annual financial turnover of at least 30% of the COST OF WORK, which can be represented as: Turnover ≥ 0.3 * COST OF WORK Where, Turnover = Average annual financial turnover of the bidder during the last 3 years. COST OF WORK = The cost of the work mentioned in the tender. Minimum Average Annual Turnover = 0.3 * COST OF WORK Minimum Value of Similar Work: - For three works: Not mentioned - For two works: 2 * 0.5 * Estimated Cost - For one work: 1 * 0.8 * Estimated Cost However, the exact numerical value of the bid capacity required cannot be determined without knowing the COST OF WORK or the Estimated Cost. Additionally, the bid capacity required can also be related to the earnest money details, but it is not a direct measure of bid capacity. Earnest Money = - 50.00 if Tender Value <= 2000 - 100.00 if 2000 < Tender Value <= 5000 - 200.00 if 5000 < Tender Value <= 10000 - 200.00 + (number of additional 5000 blocks * 100.00) if Tender Value > 10000 Where the number of additional 5000 blocks is calculated as (Tender Value - 10000) / 5000, rounded up to the nearest whole number if there's any remainder.