Police Housing Corporation Limited Tender

To determine the bid capacity, we look at specific financial requirements. For estimated costs above a certain threshold, the security deposit is 10% of the contract price, with 5% in a specific form and the remaining 5% deducted from bills. The earnest money deposit (EMD) is 1% of the estimated cost. For costs below this threshold, the security deposit is 5% of the contract price, with 2.5% in a specific form and the remaining 2.5% deducted from bills, and the EMD is 2% of the estimated cost. Thus, the bid capacity can be calculated using the following formulas: 1. For estimated costs above the threshold: - Security Deposit = 0.10 * Contract Price - EMD = 0.01 * Estimated Cost 2. For estimated costs below the threshold: - Security Deposit = 0.05 * Contract Price - EMD = 0.02 * Estimated Cost These formulas allow bidders to calculate their required bid capacity based on the project's estimated cost.