Examples of Internal Estimate in a sentence
The price quoted under the “Total Bid Value” should be within the range of “At Par” to “+10%” of Company’s Internal Estimate.
Bids with overall quoted price as indicated in the “Total Bid Value” (under RFx Information > Basic Data > Total Bid Value) below “at par” and above “10%” of Company’s Internal Estimate will be rejected straightway.
Bidder must quote overall price within the range of “At Par” to “+10%” of Company’s Internal Estimate.
If a bidder wants to quote above the Internal Estimate by certain percentage, he must declare the “Total Bid Value” equal to the sum of Internal Estimate and the desired percentage of Internal Estimate.
Internal Estimate of BHEL Note: Wherever more than one lowest online sealed bids are identical and lower than the estimate, the start price, would be that price arrived by reducing the lowest online sealed bid by maximum of one decrement.
Bids with overall quoted price as indicated in the “Total Bid Value” (under RFx Information> Basic Data > Total Bid Value) below “at par” and above “10%” of Company’s Internal Estimate will be rejected straightway.
If a bidder wants to quote at ‘at par’ with the Company’s Internal Estimate, he must declare the “Total Bid Value” equal to the Internal Estimate mentioned in the Covering Letter.
If any bidder has quoted the total price above “at par” with Company’s Internal Estimate within the permissible range, the percentage quoted above the internal estimate will be calculated and will be loaded accordingly in the rates of each and every items as specified in SOQ.
Bidders must quote their total price under the “Total Bid Value” (under RFx Information > Basic Data > Total Bid Value) tab within the permissible limit (‘at par’ to above 10% of Company’s Internal Estimate); otherwise the bid will be rejected straightway.
The Authority shall determine the responsiveness of Price Proposal of Bidder determined to be Lowest in relation to the Market rate or Authority’s Internal Estimate or Good Industry Practice.