North Central Railway Tender

To extract the bid capacity required in the given tender to bid, we look at the provided information. The bid capacity is related to the financial and technical eligibility of the tenderer. The financial capacity is determined by the minimum average annual contractual turnover, which is calculated as V/N or 'V' whichever is less, where V equals the Advertised value of the tender in crores of Rupees and N equals the Number of years prescribed for completion of work. The average annual contractual turnover is the average of "total contractual payments" in the previous three financial years. The technical eligibility criteria require the tenderer to have successfully completed or substantially completed specific categories of work(s) during the last 07 years, with costs related to the advertised value of the tender. For instance, the tenderer must have completed three similar works each costing not less than 30% of the advertised value, two similar works each costing not less than 40%, or one similar work costing not less than 60% of the advertised value. Given these details, the bid capacity required in the tender to bid involves both financial and technical components. The financial component is calculated using the formula: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3, with the requirement being V/N or 'V' whichever is less. The technical component involves specific experience requirements based on the cost and number of similar works completed. Therefore, the bid capacity required in the given tender to bid can be determined by the formulas and criteria provided for financial and technical eligibility, specifically the minimum average annual contractual turnover and the experience in completing similar works as outlined.