Indian Port Rail And Ropeway Corporation Limited Tender

Class-I local bidder

To extract the bid capacity required in the given tender, we need to examine the provided clauses and sections for specific requirements or formulas related to bid capacity or financial eligibility. The tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 (seven) years: 1. Three similar works each costing not less than 30% of the advertised value of the tender, which is Rs.1,99,56,118.50/-. 2. Two similar works each costing not less than 40% of the advertised value of the tender, which is Rs. 2,66,08,158.00/-. 3. One similar work each costing not less than 60% of the advertised value of the tender, which is Rs. 3,99,12,237.00/-. The formulas to calculate these thresholds are: - 30% of the advertised tender value for three similar works: 3 * 0.3 * 6,65,20,395.00 = Rs.1,99,56,118.50/- - 40% of the advertised tender value for two similar works: 2 * 0.4 * 6,65,20,395.00 = Rs. 2,66,08,158.00/- - 60% of the advertised tender value for one similar work: 1 * 0.6 * 6,65,20,395.00 = Rs. 3,99,12,237.00/- Additionally, bid capacity formulas are also found in the sections related to bid evaluation and security, particularly in the calculation of additional performance security for bids that are substantially lower or seriously unbalanced: - For a bid that is substantially on the lower side: `{0.9 x engineer’s estimated price – L1 price}` or `{0.95 x L2 price – L1 price}`, whichever is lower. - For a seriously unbalanced bid: The amount is calculated based on the difference between the quoted price and the allowed deviation from the estimated price for that schedule. Therefore, the bid capacity required in terms of value and formulas is found and calculated based on the advertised tender value and the specified percentages for similar works, as well as the bid evaluation and security sections.