Northern Railway Tender

The bid capacity required can be calculated using the following formulas and values: - For three similar works: 3 * 0.3 * advertised value - For two similar works: 2 * 0.4 * advertised value - For one similar work: 1 * 0.6 * advertised value Given the total tender value is 3551306.82, the calculations are: - 3 * 0.3 * 3551306.82 = 3190958.06 (three similar works, each costing not less than 30% of the advertised value) - 2 * 0.4 * 3551306.82 = 2841045.45 (two similar works, each costing not less than 40% of the advertised value) - 1 * 0.6 * 3551306.82 = 2130784.09 (one similar work costing not less than 60% of the advertised value) Alternatively, with an advertised value of 31427954.58, the calculations are: - 3 * 0.3 * 31427954.58 = 28283791.67 (three similar works, each costing not less than 30% of the advertised value) - 2 * 0.4 * 31427954.58 = 25142364.66 (two similar works, each costing not less than 40% of the advertised value) - 1 * 0.6 * 31427954.58 = 18856772.75 (one similar work costing not less than 60% of the advertised value)