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 (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 (period up to 6 months to be taken as half-year and more than 6 months as one year) - 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. 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, calculated as: Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T). The bidder should also have executed similar work, with specific experience criteria: - 1 project equal to or more than 80% of tender value - 2 projects with order value of 50% or more of tender value - 3 projects with order value of 40% or more of tender value in last 7 years. Formulas for calculating the bid capacity are: - 2AN - B - Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T) - 1 project ≥ 0.8 * Tender Value - 2 projects ≥ 0.5 * Tender Value - 3 projects ≥ 0.4 * Tender Value However, the exact tender value, estimated cost, and COST OF WORK are not provided, so the exact bid capacity value cannot be calculated.