Financial Proposals Sample Clauses
The Financial Proposals clause outlines the requirements and procedures for submitting detailed cost or pricing information as part of a contract or bid process. It typically specifies the format, content, and deadlines for financial submissions, and may require supporting documentation such as breakdowns of expenses or justifications for proposed rates. This clause ensures transparency and comparability among bidders, helping the contracting party evaluate offers fairly and select the most economically advantageous proposal.
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Financial Proposals. The Financial Proposal shall be prepared using the attached standard form (Section 7). It shall list all major cost components associated with the services, and the detailed breakdown of such costs. All outputs and activities described in the Technical Proposal must be priced separately on a one-to-one correspondence. Any output and activities described in the Technical Proposal but not priced in the Financial Proposal, shall be assumed to be included in the prices of other activities or items, as well as in the final total price.
Financial Proposals. 2.11.1 The bidder should submit the financial bid as per the format indicated in FORM FIN 2 in a separate sealed envelope.
2.11.2 The quote should be in Indian Rupees and should be inclusive of all taxes as applicable. The Financial Proposal shall be prepared using the attached Standard Form (Section 4).
Financial Proposals. 2.3.1 Please summarise the estimated costs for UK (in GBP) and for India (in INR) over the period of the project on an annual basis. Please assume the start date for project as 1 April 2018. An exchange rate of 1 GBP = 84.2 INR should be used at all times unless otherwise stated by The Authority.
2.3.2 All travel and accommodation costs where applicable should be the most reasonably priced economy class. In-country costs for UK staff should be calculated in the Indian budget and for Indian staff in UK budget.
2.3.3 Project specific costs (up to 15% of the total project funding): Funds can be used to contribute for such needs. However, funds cannot be employed to meet the regular administrative costs or running costs of the institution.
2.3.4 Any other costs to be met from UKIERI & DST funds should be itemised.
2.3.5 The following costs are not eligible under UKIERI: • debts and provisions for losses or debts • interest owed • items already financed in another framework • currency exchange losses • direct costs of staff time • administration or other overheads
2.3.6 Tuition fee may be charged to UKIERI for UK based research student and other institutional fees. However, it is anticipated that many participating institutions will include tuition fee as a significant part of their institutional contribution to UKIERI. Therefore, it is requested that the tuition fee shall be subsidised for the research students who will be part of the project.
Financial Proposals. All financial proposals will be presented within three weeks after the ND Legislative Session adjourns. Costing sheets will accompany each proposal.
Financial Proposals. The Financial Proposal shall be prepared using the attached Financial Proposal Form (in Section 8). The financial proposal shall not include any conditions attached to it and if received, then any such conditional financial proposal shall be rejected. All documents relating to the RFP shall be in the language English specified in the General Conditions of Contract. Each page of the Bid Document shall be initialed by the Authorized Representative/ Signatory.