Water Resources Department Tender

Class "B"

To determine the bid capacity required, we need to look at the specific requirements mentioned. The bid capacity is related to the Additional Performance Security (APS) when the bid amount is less than the estimated cost. The formulas for calculating the APS are as follows: 1. If the difference between the estimated cost and the bid amount is below 5%, no additional performance security is required. 2. If the difference is from 5% and above but below 10%, the APS is 50% of the difference between the estimated cost and the bid amount. 3. If the difference is from 10% and above, the APS is 150% of the difference between the estimated cost and the bid amount. These formulas indicate the value of the Additional Performance Security that a bidder must provide under certain conditions, reflecting the bid capacity required in terms of financial security. The bid capacity required can be calculated using the following formulas: - For differences between 5% and 10%: APS = 0.5 * (Estimated Cost - Bid Amount) - For differences of 10% and above: APS = 1.5 * (Estimated Cost - Bid Amount) These are the key factors and formulas related to bid capacity in the given tender.