Common use of FINANCIAL EVALUATION Clause in Contracts

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.

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 -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 subtotal and total bid price shall be considered as a minor deviation of the tender and the unit price shall prevail.