Irrigation Department Tender

A category or Above

The bid capacity required in the given tender can be determined by two methods: 1. Using the formula (2AN-B): The Assessed available Bid capacity should be greater than the Estimated Value of the work. The formula is: 2AN - B, where A = Maximum Value of Civil Engineering works executed in any one year, N = Number of years prescribed for completion of the works, and B = Value of existing commitments. 2. Having similar completed works: Alternatively, the bidder can meet the bid capacity requirement by having one similar completed work costing not less than 80% of the estimated cost, or three similar completed works costing not less than 40% of the estimated cost each, or two similar completed works costing not less than 50% of the estimated cost each. In terms of specific values, - The average annual financial turnover should be at least 30% of the COST OF WORK, which is Rs. 148.926 lac given the estimated cost is Rs. 496.42 lac. - For similar work experience, the bidder should have completed three similar works, each costing not less than Rs. 66.18933 lac, or two similar works, each costing not less than 50% of the estimated cost, or one similar work costing not less than 80% of the estimated cost. The estimated cost is Rs. 496.42 lac, so 80% of this is 0.8 * 496.42 lac = 397.136 lac, and 50% of this is 0.5 * 496.42 lac = 248.21 lac. Therefore, the bid capacity required can be summarized as follows: - Average annual financial turnover: at least 30% of the COST OF WORK (without G.S.T.) = 148.926 lac - Three similar completed works: each costing not less than 40% of the estimated cost / 3 = 66.18933 lac - Two similar completed works: each costing not less than 50% of the estimated cost = 248.21 lac - One similar completed work: costing not less than 80% of the estimated cost = 397.136 lac.