Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What if the bid currency shown in the bid differs from the currency specified in the bidding documents?

0
Posted

What if the bid currency shown in the bid differs from the currency specified in the bidding documents?

0

Under the Bank’s procurement rules, ICB bidding documents shall always state that any eligible bidder may express its bid price in his country’s currency, or at his option, in any currency widely used in international trade, from any eligible member country. Accordingly, if the bid price is denominated in a currency from an eligible country, other than those specified in the bidding documents, the deviation should be treated as minor. The bid currency shall be converted into the currency to be used for comparison of bids following the method specified in the bidding documents.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123