Tender Currencies Clause Samples
The 'Tender Currencies' clause defines which currencies are acceptable for making payments under the contract. Typically, it specifies one or more currencies in which obligations can be settled, and may outline procedures for currency conversion if payment is made in a currency different from the one originally stipulated. This clause ensures clarity and reduces disputes by establishing clear rules for the form of payment, thereby minimizing the risk of confusion or disagreement over currency issues during the execution of the contract.
Tender Currencies. 2.11.1 Prices shall be quoted in Kenya Shillings unless otherwise specified in the Appendix to Instructions to Tenderers.
Tender Currencies. 1Prices shall be quoted in Kenya Shillings unless otherwise specified in the Appendix to Instructions to Tenderers.
Tender Currencies. 1Prices shall be quoted in the following currencies:
Tender Currencies. 2.10.1 Prices shall be quoted in Kenya Shillings
Tender Currencies. 3.12.1 For services and/ or goods that the Tenderer will provide from within or outside Kenya, the prices shall be quoted in Kenya Shillings, or in another freely convertible currency in Kenya. The currency quoted must be indicated clearly on the Price Schedule of Services and/ or goods.
3.12.2 The exchange rate to be used for currency conversion shall be the Central Bank of Kenya selling rate prevailing on the Tender closing date. (Please visit the Central Bank of Kenya website).
Tender Currencies. The bidders are required to quote in Indian Rupees only.
Tender Currencies a) The bidder supplying indigenous goods or already imported goods shall quote only in Indian Rupees (INR).
b) Bids, where prices are quoted in any other way shall be treated as non - responsive and will be rejected.
Tender Currencies. 2.11.1 Prices shall be quoted in the following currency:
(a) For equipment, the tenderer’s prices shall be quoted in Kenya Shillings; and
(b) Cost of installation and commissioning will be in Kenya Shillings.
Tender Currencies. The tenderer supplying indigenous goods shall quote only in Indian Rupees.
Tender Currencies. (i) The tenderer supplying indigenous goods or already imported goods shall quote only in Indian Rupees (INR) in the Financial Bid Format given at “Annexure-VI(A)” in excel sheet on the e-Tendering Portal. A tenderer quoting imported goods located within India shall produce documentary evidence of the goods having been imported and already located within India, in case their bid is found to be the lowest one after opening of price bid.
(ii) For imported goods if supplied directly from abroad, prices shall be quoted in any freely convertible currency say US Dollar, Euro, GBP or Japanese Yen. As regards price(s) for allied services, if any required with the goods, the same shall be quoted in Indian Rupees only (INR), if such services are to be performed /undertaken in India. Commission for Indian Agent, if any and if payable shall be indicated in the space provided for in the price schedule and will be payable in Indian Rupees only.
(iii) Tenders, where prices are quoted in any other currency may not be accepted and are liable to be ignored.