Abnormally High Prices Sample Clauses

Abnormally High Prices. 28.1 An abnormally high price is one where the proposal price, in combination with other constituent elements of the proposal, appears unreasonably too high to the extent that KoTDA is concerned that it (KoTDA) may not be getting value for money, or it may be paying too high a price for the contract compared with market prices or that genuine competition between Tenderers is compromised. 28.2 In case of an abnormally high tender price, KoTDA shall make a survey of the market prices, check if the estimated cost of the contract is correct, and review the RFP to check if the specifications,TOR, scope of work and conditions of contract are contributory to the abnormally high proposals. KoTDA may also seek written clarification from the Tenderers on the reason or the highproposal price. KoTDA shall proceed as follows: i) If the proposal price is abnormally high based on wrong estimated cost of the contract, KoTDA may accept or not accept the proposal depending on KoTDA's budgetconsiderations. ii) If specifications, TOR, scope of work and/or conditions of contract are contributory to the abnormally high proposal prices, KoTDA shall reject all proposals and may re-invite for proposals for the contract based on revised estimates, specifications, TOR, scope of work and conditions of contract. 28.3 If KoTDA determines that the Proposal Price is abnormally too high because genuinecompetition between tenderers is compromised (often due to collusion, corruption or other manipulations), KoTDA shall reject all Proposals and shall institute or cause competent Government Agencies to institute an investigation on the cause of the compromise, before re-inviting for proposals.