Irrigation Department Tender

AA category or above

The bid capacity required can be determined using the formula: 2AN - B, where A, N, and B are specific values. 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, the bidder can meet the bid capacity requirement by having one similar completed work costing not less than 80% of the estimated cost. In terms of financial turnover and experience, the bid capacity required involves: - Average annual financial turnover of at least 30% of the COST OF WORK (without G.S.T.) over the last 3 years. - Completion of similar works with values equal to or exceeding 40%, 50%, or 80% of the estimated cost, depending on the number of projects. Given the estimated cost, the minimum average annual turnover required can be calculated as 0.3 * ESTIMATED COST, and the minimum cost of similar works can be calculated as 0.4 * ESTIMATED COST for each of the three works, or 0.5 * ESTIMATED COST for each of the two works, or 0.8 * ESTIMATED COST for one work. For example, if the estimated cost is Rs. 580.20 lac, the minimum average annual turnover required would be 0.3 * 580.20 lac = Rs. 174.06 lac, and the minimum cost of similar works would be 0.4 * 580.20 lac = Rs. 232.08 lac for each of the three works. Therefore, the bid capacity required in the given tender to bid involves both financial and experiential components, with specific formulas and values provided.