Irrigation Department Tender

The class eligibility requirement to bid or participate in this tender is "A or Above" as a registered contractor.

The bid capacity required in the given tender is as follows: 1. Turnover: The bidder should have an average annual financial turnover of at least 30% of the COST OF WORK (without G.S.T.) over the last 3 years. - Formula: Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T.) 2. Assessed available Bid capacity: The bidder should have the Assessed available Bid capacity as per formula (2AN-B) should be greater than the Estimated Value of the work. - Formula: 2AN - B - Where: - A = Maximum Value of Civil Engineering works executed in any one year during the last Five years (updated by giving 8% simple weightage per year to bring them to Current Financial Year price level) - N = Number of years prescribed for completion of the works for which tenders are invited - B = Value of existing commitments i.e., agreed works with agreement number & year and ongoing works with agreement number & year to be completed during the period of completion of the project for which tenders are invited 3. Similar Work Experience: The bidder must have executed similar work, with specific requirements based on the value or quantity of similar work completed in the last 7 years. - Value/Quantity of Similar Work: - Three similar completed works costing not less than 40% of the estimated cost - Or, two similar completed works costing not less than 50% of the estimated cost - Or, one similar completed work costing not less than 80% of the estimated cost These are the bid capacity requirements for the given tender, including specific formulas for calculating the required turnover and experience in similar works.