North Central Railway Tender

Class A

To determine the bid capacity required, we look for specific details that outline the necessary financial capabilities a bidder must have. The bid capacity required is calculated as V/N or 'V' whichever is less, where V is the Advertised value of the tender in crores of Rupees and N is the Number of years prescribed for completion of work. Given that the Advertised Value is 37,037,802.38 and the Period of Completion is 24 months (or 2 years), we can calculate the bid capacity required. First, convert the Advertised Value to crores of Rupees: 37,037,802.38 / 100,000,000 = 0.3703780238 crores. Then, calculate V/N: 0.3703780238 / 2 = 0.1851890119 crores. Since V (0.3703780238 crores) is greater than V/N (0.1851890119 crores), the bid capacity required is V/N, which is approximately 0.1851890119 crores. However, the provided context does not directly offer a calculation for the average annual contractual turnover in the format requested for the final answer. The average annual contractual turnover is to be calculated as an average of "total contractual payments" in the previous three financial years, but specific numbers for these payments are not provided. Given the information and the request for a specific value and formula, the calculation provided above directly answers the query based on the given data. The bid capacity required, based on the provided formula and values, is approximately 0.1851890119 crores or 18,518,901.19 Rupees, considering the context's requirement for the calculation. However, since the query asks for a direct extraction of bid capacity required having value and formulas and given the constraints of the format and the details provided, the precise numerical answer following the exact calculation method described (V/N or 'V') is what's crucial. Thus, focusing strictly on the calculation provided and adhering to the format for the final answer without further elaboration on the average annual contractual turnover due to the lack of specific data in the query: The final answer is: $\boxed{0.1851890119}$