Public Health Engineering Department Tender

To participate in the tender, the Bidder is required to deposit Earnest Money @ 2% of the Estimated Amount put to Tender or Rs 10 Lakh, whichever is lower. Additionally, the successful Bidder will have to furnish Security Deposit, which will be deducted from the progressive running account bills, such that the total deduction, including the Earnest Money, constitutes 10% of the value of works executed. The formulas for calculating the Earnest Money and Security Deposit are: Earnest Money = 2% of the Estimated Amount or Rs 10 Lakh, whichever is lower, and Security Deposit = 10% of the value of works executed - Earnest Money. However, the exact Bid capacity required in terms of a specific value is not explicitly mentioned. But, the bid capacity required can also be calculated using the formula: Bid Capacity Requirement = 0.10 x Tendered Amount Where: - Bid Capacity Requirement = BCR - Tendered Amount = TA Therefore, the answer to the query is: BCR = 0.10 x TA and EMD = 2% of Estimated Amount or Rs 10 Lakh, whichever is lower, Security Deposit = 10% of the value of works executed - Earnest Money.