Participant/ Shareholder Y of a joint venture tenderer W has completed within the past 10 years one construction contract involving the construction of lift structures (including associated geotechnical works) with a value of the construction works for such lift structures (including associated geotechnical works) of HK$100 million in Hong Kong, in the capacity of a participant of a joint venture with a 50% share of the works by value and one construction contract involving the construction of bridge (including associated geotechnical works) with a value of the construction works for such bridge (including associated geotechnical works) of HK$150 million outside Hong Kong in the capacity of a participant of a joint venture with a 10% share of the works by value, the number of relevant contracts it completed for the purpose of Criterion B shall be 1x1x0.5 + 1x1.5x0.1 = 0.65.
Participant/ Shareholder Z of a joint venture tenderer W has completed within the past 10 years one construction contract involving the construction of elevated walkway with a value of the construction works for such elevated walkway of HK$110 million in Hong Kong, in the capacity of a participant of a joint venture with a 50% share of the works by value, the number of relevant contracts it completed for the purpose of Criterion B shall be 1x1x0.5 = 0.5.
Y and Z are the two participants/ shareholders of the joint venture tenderer W and their share is 50/50, the joint venture would have 0.65x0.5 + 0.5x0.5 = 0.575 relevant contracts. This joint venture tenderer W will not pass Criterion B.