UP State Construction And Infrastructure Development Corporation Limited Tender

The class eligibility requirement to bid or participate in this tender is A Class.

To extract the bid capacity required in the given tender, we look at the eligibility criteria for contractors. The tender requires that the contractor should have successfully completed similar works during the last seven years with specific cost criteria: - Three similar completed works each costing not less than 40% of the Tendered cost. - Or, two similar completed works each costing not less than 60% of the Tendered cost. - Or, one similar completed work costing not less than 80% of the Tendered cost. Given the estimated cost of the tender is 237.75 lacs, we can calculate the required bid capacity as follows: - For three similar works: 3 * 0.4 * 237.75 = 284.7 lacs - For two similar works: 2 * 0.6 * 237.75 = 284.7 lacs - For one similar work: 1 * 0.8 * 237.75 = 190.2 lacs Additionally, the contractor should have an average annual financial turnover of 50% of the estimated cost on construction work of a similar nature during the last three years. - Average annual financial turnover: 0.5 * 237.75 = 118.875 lacs per year. The bid capacity required can be summarized as: - Completion of similar works with a total value of at least 190.2 lacs (for one work), 284.7 lacs (for two or three works), and - An average annual financial turnover of at least 118.875 lacs over the last three years. The calculations can be represented as follows: 1. For one similar work: Bid Capacity = 0.8 * Estimated Cost 2. For two or three similar works: Bid Capacity = 0.4 * 3 * Estimated Cost or 0.6 * 2 * Estimated Cost 3. Average Annual Financial Turnover = 0.5 * Estimated Cost Where Estimated Cost = 237.75 lacs.