General rule
1
(1) A contracting authority must estimate the value of a contract as the maximum amount it could expect to pay under the contract including, where applicable, amounts already paid.
(2) The amount a contracting authority could expect to pay includes the following—
(a) the value of any goods, services or works provided by the contracting authority under the contract other than for payment;
(b) amounts that would be payable if an option in the contract to supply additional goods, services or works were exercised;
(c) amounts that would be payable if an option in the contract to extend or renew the term of the contract were exercised;
(d) amounts representing premiums, fees, commissions or interest that could be payable under the contract;
(e) amounts
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