Bid Capacity calculation and its process for Tender

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#etender #bidcapacity #tenderdocuments
Bid Capacity : The bidding capacity of the contractor should be equal to or more than the estimated
cost of the work put to Tender. The bidding capacity shall be worked out by the following formula :
Bidding Capacity = [ A x N x 1.5] – B ( 0r maybe 2)

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