Water Resources Department Tender

The bid capacity required in the given tender to bid having value is 1% of the estimated contract value (ECV) or as mentioned in the bid document, with the formula for calculating the bid security being Bid Security = 1% of ECV or Bid Security = amount mentioned in the bid document. Additionally, formulas for price adjustment and Additional Performance Security (APS) are provided. The price adjustment formulas are: - VM (Local Materials Component): 0.85 x Pm/100 x R x (M1-M0)/M0 - VC (Cement Component): 0.85 x PC/100 x R x (C1-C0)/C0 - VS (Steel Component): 0.85 x PS/100 x R x (S1-S0)/S0 - Vb (Bitumen Component): 0.85 x Pb/100 x R x (B1-B0)/B0 The Additional Performance Security (APS) formulas are: - Below 5% difference: No Additional Performance Security - 5% to below 10% difference: 50% of the difference between estimated cost and bid amount, calculated as 0.5 * (Estimated Cost - Bid Amount) - 10% and above difference: 150% of the difference between estimated cost and bid amount, calculated as 1.5 * (Estimated Cost - Bid Amount)