Appears in 3 contracts

Samples: Framework Agreement for Supply of Air Conditioners and Refrigeration Spares, Framework Agreement for Supply of Foodstuff, Framework Agreement for Supply of Detergents and Cleaning Materials

Currencies of Tender and Payment. The currency (ies) of the Tender, the currency (ies) of award and the currency (ies) of contract payments shall be the same. The Tenderer shall quote in Kenya shillings. If allowed in the TDS, the Tenderer may express the Tender price in any currency, provided it shall use no more than two foreign currencies in addition to the Kenya Shilling. The rates of exchange to be used by the Tenderer shall be based on the exchange rates provided by the Central Bank of Kenya on the date 30 days prior to the actual date of tender opening. Documents Establishing the Eligibility and Conformity of the Goods and Related Services To establish the eligibility of the Goods and Related Services in accordance with ITT 15, Tenderers shall complete the country of origin declarations in the Price Schedule Forms, included in Section IV, Tendering Forms. To establish the conformity of the Goods and Related Services to the tendering document, the Tenderer shall furnish as part of its Tender the documentary evidence that the Goods conform to the technical speciﬁcations and standards speciﬁed in Section VII, Schedule of Requirements. The documentary evidence may be in the form of literature, drawings or data, and shall consist of a detailed item by item description of the essential technical and performance characteristics of the Goods and Related Services, demonstrating substantial responsiveness of the Goods and Related Services to the technical speciﬁcation, and if applicable, a statement of deviations and exceptions to the provisions of the Section VII, Schedule of Requirements. The Tenderer shall also furnish a list giving full particulars, including available sources and current prices of spare parts, special tools, etc., necessary for the proper and continuing functioning of the Goods during the period speciﬁed in the TDS following commencement of the use of the goods by the Procuring Entity. Standards for workmanship, process, material, and equipment, as well as references to brand names or catalogue numbers speciﬁed by the Procuring Entity in the Schedule of Requirements, are intended to be descriptive only and not restrictive. The Tenderer may offer other standards of quality, brand names, and/or catalogue numbers, provided that it demonstrates, to the Procuring Entity's satisfaction, that the substitutions ensure substantial equivalence or are superior to those speciﬁed in the Section VII, Schedule of Requirements. Documents Establishing the Eligibility and Qualiﬁcations of the Tenderer To establish Tenderer eligibility in accordance with ITT 4, Tenderers shall complete the Form of Tender, included in Section IV, Tendering Forms. The documentary evidence of the Tenderer qualiﬁcations to perform the Contract if its Tender is accepted shall establish to the Procuring Entity's satisfaction: that, if required in the TDS, a Tenderer that does not manufacture or produce the Goods it offers to supply shall submit the Manufacturer's Authorization using the form included in Section IV, Tendering Forms to demonstrate that it has been duly authorized by the manufacturer or producer of the Goods to supply these Goods in Kenya; that, if required in the TDS, in case of a Tenderer not doing business within the Kenya, the Tenderer is or will be (if awarded the Contract) represented by an Agent in the country equipped and able to carry out the Supplier's maintenance, repair and spare parts-stocking obligations prescribed in the Conditions of Contract and/or Technical Speciﬁcations; and that the Tenderer meets each of the qualiﬁcation criterion speciﬁed in Section III, Evaluation and Qualiﬁcation Criteria. Period of Validity of Tenders Tenders shall remain valid for the Tender Validity period speciﬁed in the TDS. The Tender Validity period starts from the date ﬁxed for the Tender submission deadline (as prescribed by the Procuring Entity in accordance with ITT 21.1). A Tender valid for a shorter period shall be rejected by the Procuring Entity as non-responsive. In exceptional circumstances, prior to the expiration of the Tender validity period, the Procuring Entity may request Tenderers to extend the period of validity of their Tenders. The request and the responses shall be made in writing. If a Tender Security is requested in accordance with ITT 18, it shall also be extended for a corresponding period. A Tenderer may refuse the request without forfeiting its Tender Security. A Tenderer granting the request shall not be required or permitted to modify its Tender, except as provided in ITT 17.3. If the award is delayed by a period exceeding the number of days to be speciﬁed in the TDS days beyond the expiry of the initial tender validity period, the Contract price shall be determined as follows: in the case of ﬁxed price contracts, the Contract price shall be the tender price adjusted by the factor speciﬁed in the TDS; in the case of adjustable price contracts, no adjustment shall be made; or in any case, tender evaluation shall be based on the tender price without taking into consideration the applicable correction from those indicated above. Tender Security The Tenderer shall furnish as part of its Tender, either a Tender-Securing Declaration or a Tender Security, as speciﬁed in the TDS, in original form and, in the case of a Tender Security, in the amount and currency speciﬁed in the TDS. A Tender Securing Declaration shall use the form included in Section IV, Tendering Forms. If a Tender Security is speciﬁed pursuant to ITT 18.1, the Tender Security shall be a demand guarantee in any of the following forms at the Tenderer option: cash; a bank guarantee; a guarantee by an insurance company registered and licensed by the Insurance Regulatory Authority listed by the Authority; or a letter of credit; or guarantee by a deposit taking micro-ﬁnance institution, Xxxxx society, the Youth Enterprise Development Fund or the Women Enterprise Fund. If an unconditional guarantee is issued by a non-Bank ﬁnancial institution located outside Kenya, the issuing non-Bank ﬁnancial institution shall have a correspondent ﬁnancial institution located in Kenya to make it enforceable unless the Procuring Entity has agreed in writing, prior to Tender submission, that a correspondent ﬁnancial institution is not required. In the case of a bank guarantee, the Tender Security shall be submitted either using the Tender Security Form included in Section IV, Tendering Forms, or in another substantially similar format approved by the Procuring Entity prior to Tender submission. The Tender Security shall be valid for thirty (30) days beyond the original validity period of the Tender, or beyond any period of extension if requested under ITT 17.2. If a Tender Security is speciﬁed pursuant to ITT 18.1, any Tender not accompanied by a substantially responsive Tender Security shall be rejected by the Procuring Entity as non-responsive. If a Tender Security is speciﬁed pursuant to ITT 18.1, the Tender Security of unsuccessful Tenderers shall be returned as promptly as possible upon the successful Tenderer signing the Contract and furnishing the Performance Security pursuant to ITT 46. The Procuring Entity shall also promptly return the tender security to the tenderers where the procurement proceedings are terminated, all tenders were determined non-responsive or a bidder declines to extend tender validity period. The Tender Security of the successful Tenderer shall be returned as promptly as possible once the successful Tenderer has signed the Contract and furnished the required Performance Security. The Tender Security may be forfeited or the Tender Securing Declaration executed: 18.

Appears in 1 contract

Samples: Framework Contract

Common use of Currencies of Tender and Payment Clause in Contracts