Bid Corrections and Provisional Sums Quiz

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Questions and Answers

What should be noted in Table-6 column-d of Annex-II according to the text?

  • Table-5 details
  • Summarizing essential bid information
  • Bidder information
  • Correction of computational errors (correct)

What does Table 5 of Annex-II primarily present?

  • Standard procedure for bid evaluation
  • Bidder refusal reasons
  • Essential bidding document details
  • Results of preliminary examination (correct)

Why should additional tables be included by executing agencies according to the text?

  • To explain bid corrections
  • To itemize responsiveness to specifications (correct)
  • To detail subcontracting information
  • To highlight tax and duty amounts

In case a bid fails preliminary acceptance, how should the reasons be provided according to the text?

<p>In a separate attachment or footnotes (B)</p> Signup and view all the answers

What is the purpose of Table 1 to Table 4 in Annex-II according to the text?

<p>Summarizing bid essential information (C)</p> Signup and view all the answers

Which document describes the methodology for correction of computational errors?

<p>ITB (Invitation to Bid) (B)</p> Signup and view all the answers

What reason might cause a bid to fail in preliminary acceptance according to the text?

<p>Failure to comply with specified dates (B)</p> Signup and view all the answers

When should only responsive bids be examined in detail according to the Standard Procedure for Evaluation of Bids for Procurement of Works?

<p>After preliminary examination (A)</p> Signup and view all the answers

What is NOT a reason for bid failure in preliminary acceptance according to the text?

<p>Incorrect tax calculations (D)</p> Signup and view all the answers

Why should detailed examination of bids only include responsive bids?

<p>To maintain fairness and efficiency in bid evaluation (C)</p> Signup and view all the answers

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Study Notes

Bid Corrections and Evaluation

  • Corrections are binding on the bidder and unusual or large corrections should be explained in footnotes.
  • Provisional sums set by the Employer/Engineer for contingencies or nominated subcontractors should be subtracted from bid prices to allow for a proper comparison.

Modifications and Discounts

  • Bidders can submit modifications to their original bid prior to bid opening, which should be reflected in the evaluation.
  • Modifications can include increases or discounts to the bid amounts, which should be reflected in the original bid prices.
  • Discounts offered conditional on the simultaneous award of other contracts (cross-discounts) shall not be incorporated until the completion of evaluation of other contracts.
  • Unconditional discounts (or increases) should be shown in Table-6 of Annex-II.

Bid Requirements

  • A bid is complete and does not deviate from the scope.
  • Computational errors have been made, required sureties have been furnished, and documents have been properly signed.
  • The Bid is valid till the required period, and the Bid prices are firm during the currency of the contract if it is a fixed price bid.
  • The completion period offered is within specified limits, and the Bidder/Manufacturer is eligible to bid and possesses the requisite experience.

Incomplete or Non-Compliant Bids

  • Bids can be rejected if they deviate from the scope, are incomplete, or do not meet basic technical requirements.
  • Reasons for rejection must be clearly explained in footnotes or an attachment.

Arithmetic Corrections

  • Arithmetical errors will be rectified on the basis of unit price prevailing over total price.
  • If there is a discrepancy between the unit price and total price, the total price shall be corrected.

Results of Preliminary Examination

  • The results of preliminary examination should be presented in Table-5 of Annex-II.
  • Reasons for rejection must be clearly explained in footnotes or an attachment.

Detailed Examination of Bids

  • Only responsive bids shall be examined in detail.
  • Correction for errors should be done according to the methodology described in the ITB, and the read-out bid prices and corrections should be noted in Table-6 column-d of Annex-II.

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