Irrigation And Waterways Department Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: For individual bidders: - Average of Gross Annual Turnover should be at least 30% of the Amount put to Tender, which is Rs. 82,49,694.00. - The gross value of the work submitted as a Pre-Qualification (PQ) Credential should be at least 30% of the amount put to tender (Tender Value). - The gross notional amount calculated from the Credential Certificate (CC) should be at least 30% of the Tender Value. For Consortiums or Joint Ventures: - Average Annual Turnover should be at least 90% of the amount of tender, which is Rs. 2,47,49,082.00. - The sum of the gross notional values of the works in respect of the CC of individual entities should be at least 60% of the amount put to tender. - Each constituent of the Consortium or Joint Venture should have at least 20% of the tender value as their individual average of annual turnovers from business in any three financial years within the last five financial years. The formulas to calculate the bid capacity are: 1. Average Annual Turnover = (Total turnover of 3 years) / 3 2. Minimum Average Annual Turnover for individual bidders = 0.3 * (Amount put to tender) 3. Minimum Average Annual Turnover for Consortium/JV = 0.9 * (Amount put to tender) 4. Minimum Average Annual Turnover for each entity in Consortium/JV = 0.2 * (Required Average Annual Turn Over for three preceding financial years) 5. Gross Notional Amount = Gross Value of the Work x Multiplying Factor The multiplying factors are: - Current Financial Year: 1.00 - 1st preceding Financial Year: 1.08 - 2nd preceding Financial Year: 1.16 - 3rd preceding Financial Year: 1.26 - 4th preceding Financial Year: 1.36 - 5th preceding Financial Year: 1.47 Additionally, the bidder's net worth in any three preceding financial years should be positive, which is determined by Total Assets - Gross Total Liabilities > 0. For a Consortium or Joint Venture, the maximum number of constituents shall be restricted up to 3, and each of the constituents must have at least 20% of tender value as their individual average of annual turnovers from business in any three financial years within the zone of last five financial years.