UP Jal Nigam Tender

The bid capacity required in the given tender can be determined using the formula: Assessed Available Bid Capacity = 2 x A x N – B Where, A = Maximum turnover during the last five financial years (corrected to the current level of value). N = Stipulated period of execution of the work for which the tender is invited in years (For more than 0 to 6 months = 0.5 and for more than 6 to 12 months = 1.00). B = Value of existing commitments to be completed during the execution period of the bid. The available bid capacity of the bidder at the expected time of bidding shall be more than the total estimated cost of the work for which the tender is invited. Additionally, the bidder should have an average annual financial turnover of at least 30% of the estimated cost put to tender during the last 3 consecutive financial years, and a solvency of minimum 40% of the estimated cost put to tender. However, the specific value of the bid capacity required is not explicitly mentioned. But the formula to calculate it is provided. So the answer is the formula itself. Assessed Available Bid Capacity = 2 x A x N – B Where, A = Maximum turnover during the last five financial years (corrected to the current level of value). N = Stipulated period of execution of the work for which the tender is invited in years (For more than 0 to 6 months = 0.5 and for more than 6 to 12 months = 1.00). B = Value of existing commitments to be completed during the execution period of the bid.