Irrigation Department Tender

The bid capacity required in the given tender to bid is calculated using the formula: 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 for which tenders are invited B = Value of existing commitments Additionally, the bidder should have an average annual financial turnover during the last 3 years, which should be at least 30% of the estimated cost. The bid capacity required can also be represented as: - 80% of tender value for 1 project - 50% of tender value for 2 projects - 40% of tender value for 3 projects - Average annual financial turnover of at least 30% of estimated cost Also, the turnover criterion can be calculated using the formula: Average Annual Turnover ≥ 0.3 * Cost of Work (without GST). And, Similar Work Experience ≥ 0.3 * Estimated Cost. Therefore, the bid capacity required in the given tender to bid is: 2AN - B, 80% of tender value for 1 project, 50% of tender value for 2 projects, 40% of tender value for 3 projects, Average annual financial turnover of at least 30% of estimated cost, Average Annual Turnover ≥ 0.3 * Cost of Work (without GST), Similar Work Experience ≥ 0.3 * Estimated Cost.