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WEDNESDAY, JANUARY 29, 1975
REFERRING TO THE CONDITIONS OF CONTRACT, THE BROCHURE SAYS THAT TENDERERS WILL SUBMIT BOTH A FIXED PRIČE TAKING ACCOUNT OF ALL FUTURE LABOUR AND MATERIAL PRICE VARIATIONS AND A PRICE BASED ON CURRENT LABOUR AND MATERIAL PRICES WITH VARIATIONS IN THESE PRICES BEING PAID.+
THE CORPORATION WILL DECIDE WHICH OFFER TO ACCEPT IN NEGOTIATION WITH THE TENDERERS. ANY VARIATION IN PRICES WILL BE WORKED OUT FROM FORMULAE BASED ON MOVEMENT OF PUBLISHED PRICE INDICES.
+A PERFORMANCE BOND OF 10 PER CENT OF THE CONTRACT VALUE WILL BE REQUIRED, THE BROCHURE SAYS.
THE BROCHURE SAYS THAT THE PREFERRED CURRENCY OF PAYMENT IS HONG KONG DOLLARS. HOWEVER, OTHER CURRENCIES MAY BE NOMINATED BY THE TENDERERS, IT ADDS.
TENDERS FOR A NUMBER OF CONTRACTS WILL BE INVITED IN GROUPS. CONTRACTORS WILL BE ASKED TO STATE WHAT REDUCTION IN THE TENDER PRICES WILL BE OFFERED IF THEY ARE AWARDED MORE THAN ONE CONTRACT IN THE SAME GROUP.
A TENDER AND CONSTRUCTION PROGRAMME IS ATTACHED TO THE BROCHURE. +THE COMPLETION OF INDIVIDUAL CONTRACTS BY THE SPECIFIED COMPLETION DATE IS OF PARAMOUNT IMPORTANCE AND CANNOT BE OVER- EMPHASIZED, THE BROCHURE SAYS.
IT GOES ON: THE PAST RECORD AND ABILITY OF TENDERERS TO COMPLETE THE WORKS ON TIME WILL BE A MAJOR CRITERION IN ASSESSING TENDERS, +
TENDERERS MUST CONSIDER CAREFULLY SUCH THINGS AS RESTRAINTS IMPOSED BY SURFACE TRAFFIC REQUIREMENTS, PEDESTRIAN MOVEMENTS AND UTILITY DIVERSIONS,
COMMENTING ON THE CONSTRUCTION PROGRAMME, A SPOKESMAN FOR THE AUTHORITY SAID THAT SUBSTANTIAL SECTIONS OF THE RUNNING LINE BETWEEN THE STATIONS WOULD BE CONSTRUCTED BY BORED TUNNELLING METHODS WHERE THE EFFECT ON SURFACE ACTIVITY AND RESIDENTS WOULD BE SLIGHT.
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