Margin of Preference definition

Margin of Preference means the extra mark up on price allowed any domestic contractor or supplier bidding under International Competitive Bidding without being otherwise disadvantageous to the bid in terms of price;

Margin of Preference means the percentage difference between the Most- Favoured-Nation (MFN) rate of duty and the preferential rate of duty for the like product, and not the absolute difference between those rates. Thus,

Margin of Preference means the margin given to bidder on the basis of Section 45 or Section 99 of this Act.

Examples of Margin of Preference in a sentence

• Margin of Preference 6.1 If the TDS so specifies, the Procuring Entity will grant a margin of preference of fifteen percent (15%)to be loaded one valuated price of the foreign tenderers, where the percentage of shareholding of Kenyan citizens is less than fifty-one percent (51%).

• Offers that are substantially responsive shall be compared on the basis of price or ownership cost, subject to Margin of Preference where applicable, to determine the lowest evaluated quotation.

• Offers that are substantially responsive shall be compared on the basis of evaluated cost, subject to Margin of Preference where applicable, to determine the lowest evaluated quotation.

• Apply Margin of Preference, if so allowed to all evaluated and accepted tender as follows.

• Margin of Preference 6.1 If the TDS so specifies, the Procuring Entity will grant a margin of preference of fifteen percent (15%)to be loaded one valuated price of the foreign tenderers, where the percentage of shareholding of Kenyan citizens is less than fifty-one percent (51%).

More Definitions of Margin of Preference

Margin of Preference means the absolute difference between the most-favoured-nation rate of duty and the preferential rate of duty for the like product, and not the proportionate relation between those rates. As examples:

Margin of Preference means percentage of tariffs, by which tariffs are reduced on imports from one Contracting Parties to another as a result of preferential treatment.

Margin of Preference means the specific arithmetical margin made pursuant to this Act and contained in a public bidding document which may prescribe a criterion designed to assist domestic businesses become more competitive in the partnership bids;

Margin of Preference means a percentage of price preference given to a bidder who meets the specified criteria as determined in paragraphs 9 and 10;

Margin of Preference means an adjustment within predetermined limits made to a tenderer’s price in terms of a prescribed system to enable a tenderer who is eligible for targeted treatment to be awarded a contract when his or her price is higher than the lowest acceptable tender within a prescribed margin;

Margin of Preference means extra

Margin of Preference means extra mark up on price allowed a domestic contractor or supplier under the international competitive bidding, which is not disadvantageous to the bid in terms of price ;