Meerut Development Authority Tender

The bid capacity required in the tender to bid includes several key components with associated values and formulas. 1. Annual Financial Turnover: The bidder must have a minimum annual financial turnover that is equal to the estimated cost of the project. However, for bidders working with a specific entity, there is a relaxation of 20% in the minimum annual financial turnover value. 2. Net Worth: Bidders must have a minimum tangible net worth of at least 15% of the estimated cost. The net worth is calculated as the sum of the value of fixed assets (after depreciation) and net working capital (current assets minus current liabilities). 3. Liquid Asset: Bidders need to provide proof of liquid assets, certified by a banker, according to a specified format. Additionally, there are specific formulas and percentages related to the estimated cost for different ranges of project values: - For projects up to 10 Crores, the minimum annual financial turnover is 10% of the estimated cost. - For projects between 10.00 and 25.00 Crores, the minimum annual financial turnover is 1.5 times the estimated cost. - For projects between 25.00 and 50.00 Crores, the minimum annual financial turnover is 2.0 times the estimated cost. - The required liquid assets are 10% of the estimated cost. - The minimum tangible net worth is 15% of the estimated cost. These requirements and formulas are crucial for determining the bid capacity of potential bidders.