Northeast Frontier Railway Tender

To determine the bid capacity required, we look at the conditions provided for tender eligibility. The tenderer must have successfully completed or substantially completed certain works within the last 7 years, with costs related to the advertised value of the tender. For single works, the conditions are: - 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. The bid capacity can be calculated using the following formulas based on the advertised tender value (T): 1. 3 * 0.3T (for three works at 30% each of T) 2. 2 * 0.4T (for two works at 40% each of T) 3. 1 * 0.6T (for one work at 60% of T) For composite works, the calculation would be similar but applied to each component of the work, with the component's advertised value used in place of T in the formulas above. Therefore, the bid capacity required can be summarized as needing to demonstrate experience in similar works that meet at least one of these thresholds, calculated based on the advertised value of the tender or its components.