Irrigation Department Tender

The bid capacity required in the given tender to bid can be calculated using the formula: (2AN-B) > Estimated Value of the work. Here, 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. Alternatively, the bid capacity can also be determined based on the conditions provided for similar work experience, using the following formulas: - For three similar works: 3 * (40% of estimated cost) - For two similar works: 2 * (50% of estimated cost) - For one similar work: 1 * (80% of estimated cost)