Common use of Conversion to Single Currency Clause in Contracts

Conversion to Single Currency. i)As per rule 32(2) of PPR-14, to facilitate evaluation and comparison, the Procuring Agency will convert all Bid prices expressed in the amounts in various currencies in which the Bid prices as follows: For the purposes of comparison of bids quoted in different currencies, the price shall be converted into a single currency specified in thebidding documents. Therateof exchangeshallbe thesellingrate,prevailingonthedateofopeningofbidsspecified in the bidding documents, as notified by the State Bank of Pakistan on that day, in case of holiday in State Bank of Pakistan on the day of opening financial bids, then previous working day’s ex-change rates will prevail. 2.5.8.

Conversion to Single Currency. i)As i) As per rule 32(2) of PPR-14, to facilitate evaluation and comparison, the Procuring Agency will convert all Bid prices expressed in the amounts in various currencies in which the Bid prices as follows: For the purposes of comparison of bids quoted in different currencies, the price shall be converted into a single currency specified in thebidding the bidding documents. Therateof exchangeshallbe thesellingrate,prevailingonthedateofopeningofbidsspecified The rate of exchange shall be the selling rate, prevailing on the date of opening of (financial) bids specified in the bidding documents, as notified by the State Bank of Pakistan (SBP) on that day, in . In case of holiday in State Bank of Pakistan (SBP) on the day of opening financial bids, then previous working day’s ex-change rates will prevail. 2.5.8.

Conversion to Single Currency. i)As i) As per rule 32(2) of PPR-14, to facilitate evaluation and comparison, the Procuring Agency will convert all Bid prices expressed in the amounts in various currencies in which the Bid prices as follows: For the purposes of comparison of bids quoted in different currencies, the price shall be converted into a single currency specified in thebidding the bidding documents. Therateof exchangeshallbe thesellingrate,prevailingonthedateofopeningofbidsspecified The rate of exchange shall be the selling rate, prevailing on the date of opening of bids specified in the bidding documents, as notified by the State Bank of Pakistan on that day, in case of holiday in State Bank of Pakistan on the day of opening financial bids, then previous working day’s ex-change rates will prevail. 2.5.8.