Irrigation Department Tender

The bid capacity required in the given tender to bid has specific values and formulas. 1. Assessed available Bid capacity: It should be greater than the Estimated Value of the work, calculated as per 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, - B = Value of existing commitments. 2. Turnover: The bidder should have an average annual financial turnover during the last 3 years of at least 30% of the estimated cost of work, calculated as Average Annual Turnover ≥ 0.3 * ESTIMATED COST OF WORK. 3. Similar Work Experience: The bidder should have executed similar work with the value or quantity of similar work being: - Three similar completed works costing not less than 40% of the estimated cost. - Or two similar completed works costing not less than 50% of the estimated cost. - Or one similar completed work costing not less than 80% of the estimated cost. These are the specific bid capacity requirements mentioned, focusing on financial turnover, experience in similar works, and an assessed available bid capacity formula.