Irrigation Department Tender

The class eligibility requirement to bid or participate in this tender is "AA".

The bid capacity required in the given tender to bid 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.) during the last 3 years. Formula: Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T.) 2. Financial Soundness (Profitability): No specific formula is provided for financial soundness. Additionally, another formula for bid capacity is: 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., agreemented 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. The bid capacity required in the given tender should be greater than the Estimated Value of the work.