East Coast Railway Tender

To determine the bid capacity required, we look at the conditions specifying the requirements for similar works and their costs relative to the tender's advertised value. The tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during the last 7 years: - Three similar works each costing not less than 30% of the advertised value of the tender. - Two similar works each costing not less than 40% of the advertised value of the tender. - One similar work costing not less than 60% of the advertised value of the tender. Given the advertised value of 60588921.07, we can calculate the required bid capacity as follows: - 30% of advertised value: 0.3 * 60588921.07 = 18176663.21 - 40% of advertised value: 0.4 * 60588921.07 = 24235568.43 - 60% of advertised value: 0.6 * 60588921.07 = 36353326.64 Therefore, the bid capacity required can be summarized as: - Three similar works: each ≥ 18176663.21 - Two similar works: each ≥ 24235568.43 - One similar work: ≥ 36353326.64 The formulas to calculate the bid capacity are: - For three similar works: 3 * 0.3 * AV = 0.9 * AV - For two similar works: 2 * 0.4 * AV = 0.8 * AV - For one similar work: 1 * 0.6 * AV = 0.6 * AV Using the advertised value of 60588921.07, the bid capacity calculations are: - For three similar works: 0.9 * 60588921.07 = 54530029.06 - For two similar works: 0.8 * 60588921.07 = 48471136.86 - For one similar work: 0.6 * 60588921.07 = 36353326.64 Thus, the bid capacity required for the tender can be calculated using these formulas and the given advertised value.