Description
Divide nonnegative bondAmount by positive bidAmount for bondFraction and multiply by 100 for bondPercent.
Public-sector budget and procurement quantities use specified amounts, contribution shares, and charging bases. A component calculation does not establish procurement compliance, funding eligibility, or the full cost of a program.
Divide nonnegative bondAmount by positive bidAmount for bondFraction and multiply by 100 for bondPercent.
When to use this tool
Use Procurement Bid Bond Share when you need a narrow budget, contribution, or fee calculation from supplied amounts.
How to use the tool and how it works
- Enter bidAmount, bondAmount. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read bondFraction, bondPercent. Use the output convention below.
Divide nonnegative bondAmount by positive bidAmount for bondFraction and multiply by 100 for bondPercent.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| bidAmount | Bid Amount | Required. Finite number; strictly above 0. |
| bondAmount | Bond Amount | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| bondFraction | Bond Fraction | Required. Finite number. |
| bondPercent | Bond Percent | Required. Finite number. |
{
"input": {
"bidAmount": 100000,
"bondAmount": 5000
},
"output": {
"bondFraction": 0.05,
"bondPercent": 5
}
}Limitations and assumptions
- A bond can exceed the bid; procurement requirements, bond validity, and acceptable security are not assessed.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Reconcile the calculation with the approved budget, governing rules, and complete procurement or funding record.
References
Similar or alternative tools
- Grant Cofinancing Shortfall
Multiply grantAmount by nonnegative requiredMatchFraction for requiredMatch and floor required minus availableMatch at zero for shortfall.
- Quoted Price Per PAR Crosswalk
Multiply nonnegative quotePercentOfPar/100 by nonnegative parAmount for cashPrice.