Common use of Bid Capacity Clause in Contracts

Bid Capacity. The Bid capacity shall not be less than the amount put to tender for which the bid is submitted. Bid capacity will be evaluated as a part of post-qualification in the following manners. A. - Maximum annual turnover during last Five financial years (updated to the current cost)

Bid Capacity. The Bid capacity shall not be less than the amount put to tender for which the bid is submitted. Bid capacity will be evaluated as a part of post-qualification in the following manners. A. - Maximum annual turnover during last Five five financial years (updated to the current cost)) B - Value of existing commitments and on-going works to be completed in the period stipulated for completion of the work in the present tender. Certificates should be obtained from the officer not below the rank of Executive Engineer.