Uttar Pradesh State Bridge Corporation Limited Tender

Class A

The bid capacity required in the given tender to bid can be calculated using the formula: Assessed Available Bid capacity = (A*N*M - B) Where: A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the last year at the rate of 8 percent a year) taking into account the completed as well as works in progress. N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as half-year and more than 6 months as one year). M = 2.5 B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Additionally, the minimum amount of liquid assets and/or credit facilities net of other contractual commitments of the successful bidder shall be 10% of the contract value. The available bid capacity for construction work should be equal to or more than the total bid value. It is also required that the bidder should have construction work experience of at least the amount equal to the estimated cost of works if the time of completion is equal to or more than one year. For projects with a completion time of less than one year, the bidder should have experience of double the estimated cost of the work. Bidders must have satisfactorily completed, as a prime contractor, at least one similar work equal in value to the estimated cost of the work or two similar works each equal to 50% of the value of the estimated cost of work for which the bid is invited.