Eastern Railway Tender

To determine the bid capacity required, we look at the financial criteria specified. 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 and N = Number of years prescribed for completion of work. Given the advertised value of the tender is 60146942.06, we can calculate the required bid capacity based on the completion of similar works: - Three similar works each costing not less than 30% of the advertised value, which is 18044082.618. - Two similar works each costing not less than 40% of the advertised value, which is 24058776.824. - One similar work costing not less than 60% of the advertised value, which is 36088165.236. However, specific formulas for calculating the bid capacity based on annual contractual turnover are provided as the average of "total contractual payments" in the previous three financial years. The formula is: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3. Given the information and the requirement for a formula or clear method to calculate the bid capacity, the answer would be the ability to have completed works of significant value relative to the tender's advertised value, with specific thresholds provided.