Local Self Government Department Tender

The bid capacity required in the given tender can be understood through the Performance Guarantee and Performance Security Deposit. The total Performance Guarantee is 5% of the contract amount, with at least 50% of this amount to be in the form of a Treasury Fixed Deposit. The remaining Performance Guarantee can be in the form of a bank guarantee. Additionally, a Performance Security Deposit of 2.5% of the value of work done will be deducted from the running bills. The formulas for calculating these amounts are: - Total Performance Guarantee = 5% of contract amount - Treasury Fixed Deposit = at least 50% of Total Performance Guarantee - Bank Guarantee = Total Performance Guarantee - Treasury Fixed Deposit - Performance Security Deposit = 2.5% of the value of work done These amounts and formulas are mentioned in the given tender documents as the bid capacity required to bid.