Eastern Railway Tender

To determine the bid capacity required, we need to look at the financial requirements specified in the tender document. The tenderer must have successfully or substantially completed any of the following during the last 7 years: - Three similar works each costing not less than 30% of the advertised value of the tender, - Two similar works each costing not less than 40% of the advertised value of the tender, - One similar work costing not less than 60% of the advertised value of the tender. Using the total value as the advertised value (9725505.58), the calculations would be: 1. Three similar works: 3 * 0.3 * 9725505.58 = 8752955.022 2. Two similar works: 2 * 0.4 * 9725505.58 = 7780404.464 3. One similar work: 1 * 0.6 * 9725505.58 = 5835303.348 Therefore, the bid capacity required can be summarized as follows: - Approximately 8,753,955.02 for three similar works, - Approximately 7,780,404.46 for two similar works, - Approximately 5,835,303.35 for one similar work. Additionally, the tenderer must have a minimum average annual contractual turnover of V/N or "V" whichever is less; where V= Advertised value of the tender in crores of Rupees, N= Number of years prescribed for completion of work for which bids have been invited. The average annual contractual turnover shall be calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet. The formula for calculating the average annual contractual turnover is: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3 However, the exact value of V (Advertised value of the tender) and N (Number of years) are not provided. Therefore, the exact bid capacity required cannot be calculated using this formula. Given the information, the bid capacity required can be calculated using the first set of formulas, but the exact value using the second formula cannot be determined.