Section X Specification of Electrical Equipment 1.15 TENDER EVALUATION 1.15.1 Capitalization of Transformer Losses When evaluating the individual bid received from various Bidders, the transformer shall be evaluated for the cost of losses based on the following relation PE = Pb + KL x LL + KNL x LNL PE = Evaluated Price Pb = Bid Price KL = Value of Load Loss LL = Guaranteed load losses at rated current (Maximum MVA base) KNL = Value of no load Loss LNL = Guaranteed no load losses The transformer losses shall be capitalized as follows: Value of No Load Loss = US$ 4,684.00 per KW Value of Load Loss = US$ 1,180.00 per KW 1.15.2 The Bidder shall furnish guaranteed no load and full load loss data at rated load with the bid for al rating of transformers contained herein. The supplier shall furnish a test certificate for each transformer supplied, which shall show the actual no load and full load losses of the transformer at rated load. For the purpose of evaluation, the higher values of no-load and load losses shall be considered from the values guaranteed by the Bidder and the values given in the test reports. 1.15.3 If the actual no load and full load losses of any transformer exceed the guaranteed values then the contract price for that transformer shall be reduced by the following calculated amounts for the losses in excess of the guaranteed values: No Load Loss = US$ 4,684.00 per KW Load Loss = US$ 1,180.00 per KW Any transformer shall be rejected if losses exceed the guaranteed value by an amount in excess of the following Total losses: 10% Component losses: 15% (unless the total loss exceeds 10 %) 1.16 PERFORMANCE GUARANTEE