Public Works Department Tender

The bid capacity required can be calculated using the formula: Assessed Available Bid Capacity = (A*N*2.0-B), where A is the maximum value of works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments and ongoing works. However, the specific details for A, N, and B are not provided in the query. But, the formula for calculating the available bid capacity is provided as Assessed Available Bid Capacity = (A*N*2.0-B). Additionally, the bid security is calculated as a percentage of the bid value, with different percentages for different contract values. For contracts valued up to a certain amount, the bid security is 2% of the contract value, subject to a maximum amount. For contracts valued between a certain range, the bid security is 1.5% of the contract value, subject to a maximum amount. For contracts valued above a certain amount, the bid security is 1% of the contract value. The bidder's available bid capacity is also adjusted to account for the bidder's ongoing works and existing commitments. To qualify for the award of the contract, each bidder should have a minimum annual financial turnover, have satisfactorily completed similar work, and have executed a minimum quantity of certain items of work. The bidder should also demonstrate availability of key equipment, personnel with adequate experience, and liquid assets or credit facilities. However, the exact amount or formula for determining the bid capacity required in the given tender is not explicitly outlined, except for the formula provided. Therefore, the answer to the query is the formula: Assessed Available Bid Capacity = (A*N*2.0-B).