Municipal Corporation Tender

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Municipal Corporation - NNSAH Tender

Works
Civil And Construction
Civil Works Others
Eprocure
Opening Date1 Mar 2025
Closing Date20 Mar 2025
Tender Amount₹ 2,81,19,000 

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required in the given tender is as follows: * Average annual financial turnover (gross) of Rs. 112.48 Lakh on construction works during the last five consecutive years ending 31st March 2024. * Average annual turnover worth minimum 40% of the estimated cost, which is Rs. 1,12,47,600.00 (40% of Rs. 2,81,19,000.00). Formulas for calculating bid capacity: 1. Average annual financial turnover = Total turnover for 5 years / 5 2. 40% of estimated cost = 0.4 * estimated cost = 0.4 * 2,81,19,000.00 = 1,12,47,600.00 The bidder should have completed similar works with a value of: - Three similar completed works each costing not less than Rs. 112.48 Lakh (40% of estimated cost) - Two similar completed works each costing not less than Rs. 112.48 Lakh (40% of estimated cost)
Technical Capacity
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The required prior work experience for the bidder includes completing similar works with specific cost requirements. The bidder should have completed either three similar works each costing not less than Rs. 112.48 Lakh, which is 40% of the estimated cost, or two similar completed works each costing not less than Rs. 140.60 Lakh, which is 80% of the estimated cost, or one similar completed work costing not less than Rs. 224.95 Lakh, also representing 80% of the estimated cost.

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