Common use of Arithmetical Clause in Contracts

Arithmetical. errors Check responsive tender offers for arithmetical errors, correcting then in the following manner a) Where there is a discrepancy between the amounts in figures and in words the amount in words shall govern b) If bills of quantity (or schedule of quantities or schedule of rates) apply and there is an error in the line item total resulting from the product of the unit rate and quantity, the line item total shall govern and the rates shall be corrected, where there is an obviously gross misplacement of the decimal point in the unit rate, the line item total as quoted shall govern and the unit rate shall be corrected c) Where there is an error in the total of the prices either as a result of other corrections required by this checking process or in the tenderer s addition of prices the total of the price shall govern and the tenderer will be asked to revise selected item prices(and their rates if bills of quantities apply ) to archive the tendered total of the prices F.3.11.2 The procedure for the evaluation of responsive tenders is Method 2. The financial offer will be scoring using Formula 2 (option 1) in Table F1 where the value of W 1 is: 1) 90 where the financial value inclusive of VAT of all responsive tenders received have a value in excess of R 50 000 000; or Higher 2) 80 where the financial value inclusive of VAT of one or more responsive tender offers have a value that equals of is less than R 50 000 000. Up to 100 minus W 1 tender evaluation points will be awarded to tenderers who complete the preference schedule and who are found to be eligible for the preference claimed.

Appears in 4 contracts

Samples: Construction Contract, Construction Contract, Contract for Electrification Services

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Arithmetical. errors Check responsive tender offers for arithmetical errors, correcting then in the following manner a) Where there is a discrepancy between the amounts in figures and in words the amount in words shall govern b) If bills of quantity (or schedule of quantities or schedule of rates) apply and there is an error in the line line-item total resulting from the product of the unit rate and quantity, the line line-item total shall govern and the rates shall be corrected, where there is an obviously gross misplacement of the decimal point in the unit rate, the line line-item total as quoted shall govern and the unit rate shall be corrected c) Where there is an error in the total of the prices either as a result of other corrections required by this checking process or in the tenderer s addition of prices the total of the price shall govern and the tenderer will be asked to revise selected item prices(and prices (and their rates if bills of quantities apply apply) to archive the tendered total of the prices F.3.11.2 The procedure for the evaluation of responsive tenders is Method 2. The financial offer will be scoring using Formula 2 (option 1) in Table F1 where the value of W 1 W1 is: 1) 90 where the financial value inclusive of VAT of all responsive tenders received have a value in excess of R 50 000 000; or Higher 2) 80 where the financial value inclusive of VAT of one or more responsive tender offers have a value that equals of is less than R 50 000 000. Up to 100 minus W 1 W1 tender evaluation points will be awarded to tenderers who complete the preference schedule and who are found to be eligible for the preference claimed.

Appears in 1 contract

Samples: Construction Contract

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