Correction of Arithmetical Errors. 34.1 Provided that the tender is substantially responsive, the Procuring Entity shall correct arithmetical errors on the following basis: i) If there is a discrepancy between the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail and the total price shall be corrected, unless in the opinion of the Procuring Entity there is an obvious misplacement of the decimal point in the unit price, in which case the total price as quoted shall govern and the unit price shall be corrected; ii) If there is an error in a total corresponding to the addition or subtraction of subtotals, the subtotals shall prevail and the total shall be corrected; and iii) If there is a discrepancy between words and figures, the amount in words shall prevail, unless the amount expressed in words is related to an arithmetic error, in which case the amount in figures shall prevail subject to (a) and (b) above. 34.2 Any error detected if considered a major deviation that affects the substance of the tender, shall lead to disqualification of the tender as non- responsive. The method of determining the error as a major deviation shall be specified in the TDS. 34.3 Corrected tender prices shall not be used in the evaluation of tenders, comparison of tender prices. 34.4 The Procuring Entity shall calculate the difference between the corrected price and tender price and work out the percentage difference, which will be plus or minus tender price as the case may be; [i.
Appears in 1 contract
Sources: Tender Agreement
Correction of Arithmetical Errors. 34.1 Provided that the tender a Financial Bid is substantially responsive, the Procuring procuring Entity shall will correct arithmetical errors during evaluation of Financial Bids on the following basis:basis:-
(i) If there is a discrepancy between the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail and the total price shall be corrected, unless in the opinion of the Procuring Entity there is an obvious misplacement of the decimal point in the unit price, in which case the total price as quoted shall govern and the unit price shall be corrected;
(ii) If there is an error in a total corresponding to the addition or subtraction of subtotals, the subtotals shall prevail and the total shall be corrected; and
(iii) If there is a discrepancy between words and figures, the amount in words shall prevail, unless the amount expressed in words is related to an arithmetic error, in which case the amount in figures shall prevail subject to (ai) and (bii) above.
34.2 Any error detected if considered a major deviation (iv) If the Bidder that affects submitted the substance lowest evaluated Bid does not accept the correction of the tendererrors, shall lead to disqualification of the tender as non- responsive. The method of determining the error as a major deviation its Bid shall be specified in the TDSdisqualified and its Bid Security shall be forfeited .
34.3 Corrected tender prices shall not be used in the evaluation of tenders, comparison of tender prices.
34.4 The Procuring Entity shall calculate the difference between the corrected price and tender price and work out the percentage difference, which will be plus or minus tender price as the case may be; [i.
Appears in 1 contract
Sources: Annual Rate Contract