Directorate Of Municipal Administration Tender

To determine the bid capacity required, we look at the conditions related to the bid value and any formulas provided for calculating the bid capacity or related securities. The bid capacity required can be calculated using the formula: Assessed available bid capacity = (A X N X 2) - B, where A is the maximum value of Annual Turnover of Civil Engineering works, N is the number of years prescribed for completion of the work, and B is the value of existing commitments and on-going works. Additionally, the tenderer's bid capacity is subject to conditions based on the bid value in comparison to the estimated cost, with specific formulas provided for calculating the required bid capacity or related securities. For instance, if the bid is up to 15% below the estimated cost, a certain percentage of the bid value is required, and if the bid is more than 15% below the estimated cost, a higher percentage of the bid value is required. The formulas for calculation are as follows: - For offers up to 10% below the estimated cost: 1% of the estimated cost. - For offers between 10% and 15% below the estimated cost: 1% + (percentage below estimated cost - 10%). - For offers more than 15% below the estimated cost: 1% + 5% + (2 * (percentage below estimated cost - 15%)). Therefore, the bid capacity required in the given tender to bid having value and formulas is found within these conditions and formulas.