Common use of Bid Capacity Criteria Clause in Contracts

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 Where, 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:

Bid Capacity Criteria. Bid Capacity: The Tenderers Bidders will be qualified only if their available bid capacity is more than the approximate cost of work as per NITNIB. Available bid capacity will be calculated based on the following formula: Available bid Bid Capacity = (2xAxN) 2*A*N – B Where, A = Maximum of the value of construction 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 Bid 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= B = Value of existing commitments (as on last day of the month previous to the month of tender Bid submission) for on-going construction works during period of 36 28 months w.e.f. from the first day of the month of tender submission Bid submission. Notes:

Bid Capacity Criteria. Bid Capacity: The Tenderers 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 Bid Capacity = (2xAxN) 2*A*N – B Where, A = Maximum of the value of construction 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= B = Value of existing commitments (as on last day of the month previous to the month of tender submissionsubmission ) for on-going construction works during period of 36 24 months w.e.f. from the first day of the month of tender submission . Notes:

Bid Capacity Criteria. Bid Capacity: The Tenderers 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 Bid Capacity = (2xAxN) 2*A*N – B Where, A = Maximum of the value of construction 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= B = Value of existing commitments (as on last day of the month previous to the month of tender submissionsubmission ) for on-going works during period of 36 06 months w.e.f. from the first day of the month of tender submission . Notes: