Eastern Railway Tender

To determine the bid capacity, we consider the minimum average annual contractual turnover requirement. The formula provided is V/N or V, whichever is less, where V is the advertised value of the tender in crores of Rupees and N is the number of years prescribed for completion of the work. Given the advertised value is 64,206,513.00 Rs. and the period of completion is 24 months (or 2 years), we can calculate V and N as follows: - V = 64,206,513.00 Rs. / 100,000,000 (to convert to crores) = 0.64206513 crores - N = 2 years Using the formula V/N or V, we calculate: - V/N = 0.64206513 / 2 = 0.321032565 crores - V = 0.64206513 crores Since V/N (0.321032565 crores) is less than V (0.64206513 crores), the minimum average annual contractual turnover required is 0.321032565 crores. To convert this into rupees, we multiply by 100,000,000 (since 1 crore = 100,000,000 Rs.): 0.321032565 crores * 100,000,000 = 32,103,256.5 Rs. Therefore, the bid capacity required, based on the provided formula and tender details, is approximately 32,103,256.5 Rs. as the minimum average annual contractual turnover.