UP State Construction And Infrastructure Development Corporation Limited Tender

The class eligibility requirement to bid or participate in this tender is that the applicants should be registered in “A And Above” class as registered contractors of U.P. State Construction And Infrastructure Development Corporation Ltd.

To determine the bid capacity required, we look at the eligibility criteria for contractors, which specify that the contractor should have successfully completed similar works with specific cost requirements and an average annual financial turnover of 50% of the estimated cost on construction work of a similar nature during the last three years. Given the estimated cost of the project is 213.11 Lacs, we can calculate the required bid capacity as follows: - For the completed works: - 40% of 213.11 Lacs = 85.244 Lacs (for three similar works) - 60% of 213.11 Lacs = 127.866 Lacs (for two similar works) - 80% of 213.11 Lacs = 170.488 Lacs (for one similar work) - For the average annual financial turnover: - 50% of 213.11 Lacs = 106.555 Lacs Therefore, the bid capacity required can be summarized with the following values and formulas: - Completed works: - 3 works * 85.244 Lacs - 2 works * 127.866 Lacs - 1 work * 170.488 Lacs - Average annual financial turnover: 106.555 Lacs The bid capacity required in terms of average annual financial turnover is 50% of the estimated cost. Thus, the bid capacity is directly related to the estimated cost of the project, with the bidder needing to demonstrate an average annual financial turnover of 50% of this cost over the last three years, and specific completed works costs. The specific values for bid capacity are: - 85.244 Lacs for three similar works - 127.866 Lacs for two similar works - 170.488 Lacs for one similar work - Average annual financial turnover of 106.555 Lacs The formula for average annual financial turnover is: Average Annual Financial Turnover = 0.5 * Estimated Cost In this case, the estimated cost is 213.11 Lacs, so the average annual financial turnover is 106.555 Lacs. The bid capacity required for completed works can be calculated using the estimated cost and the percentages provided for one, two, or three similar works. Therefore, the bid capacity required is found with specific values and formulas.