Northern Railway Tender

The bid capacity required in the given tender is calculated based on the average annual contractual turnover. The formula for this calculation is the minimum of V/N or V, 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 V = 31.61464962 and N = 3, the minimum average annual contractual turnover required is V/N = 31.61464962 / 3 = 10.53821653. Since 10.53821653 is less than V, the minimum average annual contractual turnover required is 10.53821653 crores. Additionally, the tenderer must meet specific requirements related to the completion of similar works in the last 07 years, with costs related to the advertised value of the tender. The average annual contractual turnover is calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet. Therefore, the bid capacity required is 10.53821653 crores.