Paragraph 4
For each qualifying tender the local authority shall calculate the present value of savings by means of the formula—
where—
-
A means the amount by which the value of the sum of the savings exceeds the value of the sum of the differences;
-
M means the total number of months in the contract period;
-
F means the value in the second column of the Table corresponding with that rate in the first column of the Table which represents the current general discount rate prescribed by HM Treasury for the purpose of comparing public expenditure—
Table
| Column 1 | Column 2 |
|---|---|
| 1% | 9.56602 |
| 2% | 9.16224 |
| 3% | 8.78611 |
| 4% | 8.43533 |
| 5% | 8.10782 |
| 6% | 7.80169 |
| 7% | 7.51523 |
| 8% | 7.24689 |
| 9% | 6.99525 |
| 10% | 6.75902 |