Evaluation & Tabulation of Financial Bids Sample Clauses

Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) For single part/ cover Bid system, where Bid is received in single cover along with requisite bid security, processing fee or user charges and price of bidding documents within specified time, it shall be considered for financial evaluation by the Bids evaluation committee; provided the bidder qualifies pre-qualification criteria as mentioned in section-3 b) the names of the bidders, the rates given by them and conditions put, if any, shall be read out and recorded; c) conditional Bids are liable to be rejected; d) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specified in the bidding documents shall only be applied; e) the offers shall be evaluated and marked L1, L2, L3 etc. L1 being the lowest offer and so on. f) The members of bids evaluation committee shall give their recommendations below the table regarding lowest Bid or most advantageous Bid and sign it. g) it shall be ensured that the offer recommended for sanction is justifiable looking to the prevailing market rates of the goods, works or service required to be procured. h) Rate contract will be done with the selected bidder i) Based on the requirement of Items when required, purchaser will issue work order to the selected bidder. j) The exact quantities of items to be supplied shall be specified in the work orders provided under this Rate Contract.
AutoNDA by SimpleDocs
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) The financial Bids of the bidders who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present; b) the process of opening of the financial Bids shall be similar to that of technical Bids. c) conditional Bids are liable to be rejected; d) In order to decide the L1 bidder, NPV (Net Present Value) shall be calculated as below: The Financial bid (BoQ.xls) shall have following 5 price components. CAPEX = Total Cost of items with one year warranty/support. O&M.1 = Total Cost of Warranty/ AMC for 4 Years (16 Qtrs) O&M.2 = Total Cost for Operational Services for 2 Years (8 Qtrs) A = Total Amount as per Table C of the Financial Bid B = Total Amount as per Table D of the Financial Bid Considering as following:- 1) Price quoted under CAPEX.1 of BoQ= C 2) Xxxxx quoted for O&M.1 = Warranty cost from Q5 to Q20 (i.e. 16 Qtrs) = D 3) Xxxxx quoted for O&M.2 = Operational Services from Q1 to Q8 (i.e. 8 Qtrs) = E 4) Immediate Payment to be made (CAPEX) from BoQ = 80% of C= F 5) CAPEX Payment withheld with tendering authority = 20% of C= G 6) Quarterly Payment Amount for O&M.1= (D/16)= H Rate Contract for Setting up of Interactive Digital Amusement Gallery during various events
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Rate Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) the financial Bids of the bidders who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present; b) the process of opening of the financial Bids shall be similar to that of technical Bids. c) conditional Bids are liable to be rejected; d) In order to decide L1 for each delivery channel, Grand Total for Table A and Table B below shall be considered to arrive at L1 bidder for each Category: A. Delivery Charges Rate for Standard Delivery [In Rupees] Distance from Pick Up Point* Upto 500 gms [Colu mn a] Additio nal 500 gms there of [Colum n b] Multiplyi ng Factor [Column c] Weighted Total [Column d] Within City 0.3 Column c x [Column a + Column b] Within District 0.4 Column c x [Column a + Column b] Within State 0.5 Column c x [Column a + Column b] Rest of India 0.2 Column c x [Column a + Column b] Weighted Average (WA) [Sum of Column d ] / 4 Fuel Surcharge [FS] (in %) % of WA LSP Insurance Charge [LIC] (in %) % of WA Rate Contract for Selection of Logistic Partner for e-Bazaar B. Delivery Charges Rate for Bulk Delivery [In Rupees] Distance from Pick Up Point* Upto 10 Kgs [Colu mn a] Additio nal > 1 Kg there of [Colum n b] Multiplyi ng Factor [Column c] Weighted Total [Column d] Within City 0.3 Column c x [Column a + Column b] Within District 0.4 Column c x [Column a + Column b] Within State 0.5 Column c x [Column a + Column b] Rest of India 0.2 Column c x [Column a + Column b] Weighted Average (WA) [Sum of Column d ] / 4 Fuel Surcharge [FS] (in %) % of WA LSP Insurance Charge [LIC] (in %) % of WA *PICK UP POINT WILL BE STORE/OFFICE/WAREHOUSE OF SELLER/LOGISTIC PARTNER/LOCAL VENDOR DEPENDING ON THE ORDER ASSIGNED. C. Packing Charges Rate for Additional Packing on Orders[In Rupees] Packing Type Packing Charges Small size Medium Size Large Size [Up to 500 cubic inch] [Column a] [> 500 cubic inch to 2000 cubic inch] [Column b] [> 2000 cubic inch ] [Column c] Bubble Wrap D. Warehouse Charges Rate[In Rupees] Warehouse Charge - Monthly Rental per Sq. Ft. e) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specif...
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) The financial Bids of the bidders who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present; b) the process of opening of the financial Bids shall be similar to that of technical Bids. c) conditional Bids are liable to be rejected; d) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specified in the bidding documents shall only be applied; e) the offers shall be evaluated and marked L1, L2, L3 etc. L1 being the lowest offer and then others in ascending order in case price is the only criteria. f) the bid evaluation committee shall prepare a comparative statement in tabular form in accordance with rules along with its report on evaluation of financial Bids and recommend the lowest offer for acceptance to the procuring entity, if price is the only criterion, or most advantageous Bid in other case; g) The members of bids evaluation committee shall give their recommendations below the table regarding lowest Bid or most advantageous Bid and sign it. h) it shall be ensured that the offer recommended for sanction is justifiable looking to the prevailing market rates of the goods, works or service required to be procured.
Evaluation & Tabulation of Financial Bids. Subject to the provisions of (Acceptance of Successful Bid and Award of Contract) below, the procuring entity shall take following actions for evaluation of financial bids:- a) the financial bids of the bidders who qualified in technical evaluation shall be opened at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present>; b) the process of opening, marking and signing on the financial bids shall be as prescribed in
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Contract” below, the procuring entity shall take following actions for evaluation of Financial Bid:- a) Conditional bid is liable to be rejected; b) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specified in the bidding document shall only be applied; c) the offers shall be evaluated by the committee before and after negotiations, as the case may be. d) The members of bids evaluation committee shall give their recommendations below the table regarding the Bid and sign it. e) it shall be ensured that the offer recommended for sanction is justifiable looking to the prevailing market rates of the goods, works or service required to be procured.
Evaluation & Tabulation of Financial Bids. Subject to the provisions of “Acceptance of Successful Bid and Award of Contract” below, the procuring entity shall take following actions for evaluation of financial Bid: - a) For two part/ cover Bid system, the financial Bids of the bidder who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidder or their representatives who choose to be present; b) conditional Bids are liable to be rejected; c) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specified in the bidding documents shall only be applied; d) the offers shall be evaluated by the committee before and after negotiations, as the case may be. e) The members of bids evaluation committee shall give their recommendations below the table regarding acceptance of the Bid and sign it. f) it shall be ensured that the offer recommended for sanction is justifiable looking to the prevailing market rates of the goods, works or services required to be procured.
AutoNDA by SimpleDocs
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Rate Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) the financial Bids of the bidders who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present; b) the process of opening of the financial Bids shall be similar to that of technical Bids. c) conditional Bids are liable to be rejected; d) In order to decide L1 for each delivery channel, weighted Total and Grand Total shall be calculated as per below formula:
Evaluation & Tabulation of Financial Bids. Subject to the provisions ofAcceptance of Successful Bid and Award of Rate Contract” below, the procuring entity shall take following actions for evaluation of financial Bids:- a) the financial Bids of the bidders who qualified in technical evaluation shall be opened online at the notified time, date and place by the bid evaluation committee in the presence of the bidders or their representatives who choose to be present; b) the process of opening of the financial Bids shall be similar to that of technical Bids. c) conditional Bids are liable to be rejected; d) the evaluation shall include all costs and all taxes and duties applicable to the bidder as per law of the Central/ State Government/ Local Authorities, and the evaluation criteria specified in the bidding documents shall only be applied; e) the bid evaluation committee shall prepare a comparative statement in tabular form in accordance with rules along with its report on evaluation of financial Bids .

Related to Evaluation & Tabulation of Financial Bids

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions. 2. The Recipient shall ensure that interim unaudited financial reports for the Project are prepared and furnished to the World Bank not later than forty five (45) days after the end of each calendar quarter, covering the quarter, in form and substance satisfactory to the World Bank. 3. The Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 2.07(b) of the Standard Conditions. Each such audit of the Financial Statements shall cover the period of one fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the World Bank not later than six (6) months after the end of such period.

  • Financial Management, Financial Reports and Audits 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!