Bid Capacity Criteria Sample Clauses

Bid Capacity Criteria. Bidders who meet the qualification criteria will be qualified only if their available bid capacity is more than the value put to Tender. The available bid capacity will be assessed at the time of Technical evaluation of Bids itself with reference to value put to Tender. In case of the Bidders who do not satisfy the requirement of the Bid Capacity, their bids will be treated as non-responsive and their price bids will not be opened. Where A = Maximum value of engineering works executed in any one year during the last five years (updated to 2019-2020 price level) taking into account the completed as well as works in progress. N = Number of years prescribed for completion of the works for which bids are invited. B = Value at 2019-2020 price level, of existing commitments and on-going works to be completed during the next 24 months. In case of the Bidders/Consortium Partners who formed part of Joint venture/ consortium in the past including for ongoing works, the references A & B would be determined based on the details for such partners who undertook/proposed to undertake physical execution of the works and in proportion to their participation in such joint ventures/consortiums. The assessed bid capacity of each of the consortium partners should be more than the required bid capacity. The required bid capacity for consortium partners would be determined on the basis of their participation in the consortium for the purpose of this tender. However, to qualify for the Bid capacity requirement, the lead partner should meet a major percentage of the turnover criteria and other partners should meet individually not less than 26% of the Bid capacity requirement. However, all the partners should collectively meet 100% of the Bid capacity requirement.
Sample 1Sample 2
Bid Capacity Criteria. Bid Capacity: The Tenderers will be qualified only if their available bid capacity is more than the approximate cost of work as per NIT. Available bid capacity will be calculated based on the following formula: Available bid Capacity = (2xAxN) – B A = Maximum of the value of works executed in any one year during the last five financial years (updated to last day of the month previous to the month of tender submission price level assuming 5% inflation for Indian Rupees every year and 2% for foreign currency portions per year). N = No. of years prescribed for completion of the work (i.e. 3 years) B= Value of existing commitments (as on last day of the month previous to the month of tender submission) for on-going works during period of 36 months w.e.f. first day of the month of tender submission Notes: 1. Financial data for latest last five financial years has to be submitted by the tenderer in APPENDIX 15 of FOT along with audited financial statements. The financial data in the prescribed format shall be certified by the Chartered Accountant with his stamp and signature in original with membership number. All the documents or certifications which are provided by CA after 1st July, 2019, must contain UDIN thereon and the particulars of certifications must be same as mentioned on document/certification and submitted to ICAI on its website which can be verified online onhttps://xxxx.xxxx.xxx/xxxxxx-xxxx. 2. Value of existing commitments for on-going construction works during period of 36 months w.e.f. the first day of the month of tender submission has to be submitted by the tenderer in APPENDIX 16 of FOT. These data shall be certified by the Chartered Accountant with his stamp and signature in original with membership number. All the documents or certifications which are provided by CA after 1st July, 2019, must contain UDIN thereon and the particulars of certifications must be same as mentioned on document/certification and submitted to ICAI on its website which can be verified online onhttps://xxxx.xxxx.xxx/xxxxxx-xxxx. 3. In the case of a group, the above formula will be applied to each member to the extent of his proposed participation in the execution of the work. If the proposed % Suppose there are ‘P’ and ‘Q’ members of the JV / Consortium/ Group with their participation in the JV / Consortium/ Group as 70% and 30% respectively and available bid capacity of these members as per above formula individually works out ‘X’ and ‘Y’ respectively, then Bid Cap...
Sample 1
Bid Capacity Criteria. Bid Capacity: The tenderers will be qualified only if their available bid capacity is more than the approximate cost of work as per NIT. Available bid capacity will be calculated based on the following formula: Available Bid Capacity = 2*A*N – B Notes: a) Financial data for latest last five financial years has to be submitted by the tenderer in Appendix-15 of FOT along with audited financial statements. The financial data in the prescribed format shall be certified by the Chartered Accountant with his stamp and signature in original with membership number and firm registration number (FRN) & UDIN. b) Value of existing commitments for on-going construction works during period of 24 months w.e.f from the first day of the month of tender submission has to be submitted by the tenderer in Appendix-16 of FOT. These data shall be certified by the Chartered Accountant with his stamp and signature in original with membership number and firm registration number (FRN) & UDIN. c) In the case of a group, the above formula will be applied to each member to the extent of his proposed participation in the execution of the work. If the proposed % participation is not mentioned then equal participation will be assumed. Suppose there are ‗P‘ and ‗Q‘ members of the JV / Consortium / Group with their participation in the JV / Consortium / Group as 70% and 30% respectively and available bid capacity of these members as per above formula individually works out ‗X‘ and ‗Y‘ respectively, then Bid Capacity of JV / Consortium / Group shall be as under: Bid Capacity of the JV / Consortium / Group = 0.7X + 0.3Y
Sample 1
Bid Capacity Criteria. Bid Capacity: The tenderers will be qualified only if their available bid capacity is more than the approximate cost of work as per NIT. Available bid capacity will be calculated based on the following formula: Available Bid Capacity = 2*A*N – B Bid Capacity of the JV / group = 0.7X + 0.3Y
Sample 1

Related to Bid Capacity Criteria

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