FINANCIAL EVALUATION. (a) The financial bid shall be opened of only those bidders who have been found to be technically eligible. The financial bids shall be opened in presence of representatives of technically eligible bidders, who may like to be present. The institute shall inform the date, place and time for opening of financial bid.
FINANCIAL EVALUATION. 32 COMPARISON OF MAJOR RATES OF ITEMS OF CONSTRUCTION & CREDIBILITY OF TENDERERS RATES The Employer will compare the tenderers’ rates with the Engineer’s estimates for major items of construction. If some bids are seriously unbalanced or front loaded in relation to the Engineer's estimates for the major items of work to be performed under the contract, the Employer may require the bidder to produce detailed price analyses for any or all items of the Bills of Quantities, to demonstrate the internal consistency of those prices with the construction methods and schedule proposed. The bidder shall within four (4) days after issuance of the written notice by the employer, or such further time as the employer may allow, provide a satisfactory analysis failure to which the tender shall be rejected. 33 PREFERENCE FOR DOMESTIC BIDDERS This will not be applicable for this bid.
FINANCIAL EVALUATION. (a) The financial bid shall be opened of only those bidders who have been found to be technically eligible.
FINANCIAL EVALUATION i. The financial bid shall be opened of only those bidders who are found to be technically eligible.
FINANCIAL EVALUATION. 1.8.1 Only the bidders that have been successful in achieving the required quality threshold will be subjected to a financial evaluation. All other bidders will be excluded from the financial and any further evaluation and/or consideration.
FINANCIAL EVALUATION. Consistent with and in addition to the criteria listed in ITT 33.3 and ITT 29.3; and ITT 34 and its subparagraphs the following criteria shall apply:
FINANCIAL EVALUATION. Each and every facility/Hotel shall be required to independently submit their financial proposals inclusive of all Taxes (VAT, Catering Levy, Service levy e.t.c using the guideline shown above:- Description Min. Capacity Max. Capacity Unit cost per pax. Incl. of taxes-Kshs Full day Meetings/Conference package inclusive of early morning, mid-morning and afternoon beverages with assorted snacks, one bottle of water in the morning and one in the afternoon, buffet lunch inclusive of one soft drink and meeting room provisions, pens, writing pads, flipcharts and marker pens Board room style Classroom style Theatre style U shaped style Reception style Banqueting style Hollow square style Half day Meetings/Conference package inclusive of early morning, and mid-morning beverages with assorted snacks, a bottle of water in the morning and, buffet lunch inclusive of one soft drink and meeting room provisions, pens, writing pads, flipcharts and marker pens Board room style Classroom style Theatre style U shaped style Reception style Banqueting style Hollow square style TABLE 2: BREAKFAST, TEA BREAKS AND COCKTAIL Description Room Capacity for Banquet Style Unit cost per pax- Kshs Break Fast Min No of Pax. Max No of Pax. Kshs. Full English Breakfast Continental breakfast High tea (at 10:00 o’clock) Cocktail TABLE 3: CONFERENCE AUDIO VISUAL EQUIPMENT Extra Equipment Hire Charges Description Unit Cost within hotel premises Unit Cost during events where hotels provide outside catering. LCD Projector 2,000 Lumens 2,500 Lumens 3,000 Lumens 4,500 Lumens 7,500 Lumens Screen & sizes 50’’ x 50’’ 60’’ x 60’’ 72’’ x 72’’ 96’’ x 96’’ P.A system specify according to power of the PA Plasma Screens 42’’ 56” Rear projection screens 140’’ x 100’’ Extra Microphones Corded Cordless Microphones Table MICS Cordless MICS Podium Glass Lectern with aluminum trussing Wooden Podium Standard Podium TABLE 4: INTERPRETATION, INTERNET AND PRINTING FACILITIES Extra Equipment Hire Charges Description Unit Cost within hotel premises -Kshs Internet connectivity (WIFI) in the conference area Minimum of 20Mbs capacity Photocopying facilities per page Colored Black and white Printing Facilities per page Colored Black and white TABLE 5: ENTERTAINMENT Entertainment for dinner events Name of the group Total Cost (Kshs.) Live band performance Cultural dances Other forms of entertainment (specify) DJ
FINANCIAL EVALUATION. The bidder must submit their financial bid through online to be available as BOQ. No hardcopy of financial bid shall be submitted alongwith the tender. The financial bid shall be opened of only those bidders who have been found to be technically eligible. The financial bids shall be opened in presence of representatives of technically eligible bidders, who may like to be present. The Institute shall inform the date, place and time for opening of financial bid. Arithmetical errors shall be rectified on the following basis. If there is a discrepancy between the unit price and total price that is, the unit price shall prevail and the total price shall be corrected by the Institute. If there is a discrepancy between words and figures, the lesser amount shall be considered as valid. If the Supplier does not accept the correction of the errors, his bid shall be rejected. The evaluation and comparison of responsive bids shall be done on the price offered inclusive GST as indicated in the Price Schedule in Chapter 6 of the Bid Document. The bidder must quote their GST separately for their quoted items as mentioned in the BOQ. Failing to do so leads cancel their bids. The JMCH, Jorhat does not bind himself to accept the lowest bid or any bid and reserves the rightof accepting the whole or any part of the bid or portion of the job offered; and the bidder shall provide the same at the rates quoted. The JMCH, Jorhat reserves the right to reject any or all offers received in response to tender or cancel or withdraw the tender notice without assigning any reason, whatsoever.
FINANCIAL EVALUATION. At this stage, bidders’ financial quotations will be ranked from the lowest to the highest. The 10 lowest evaluated bidders will be qualified for the Frame Work Agreement.
FINANCIAL EVALUATION. Upon completion of the technical evaluation the evaluation committee shall conduct a financial evaluation and comparison to determine the evaluated price of each tender. The evaluated price for each bid shall be determined by: - taking the bid price in the tender form; taking into account any minor deviation from the requirements accepted by JKUAT; where applicable, converting all tenders to the same currency, using the Central Bank of Kenya exchange rate prevailing at the tender opening date; Note: Any errors in the submitted tender arising from a miscalculation of total price, quantity, sub- total and total bid price shall be considered as a minor deviation of the tender and the unit price shall prevail.
