Para 5.3.3 - Financial Proposals | KartavyaDesk

Original Rule Text

2. Financial Proposal (BOQ Excel Sheet): a) Procuring Entity should select an appropriate format of BOQ from the eProcurement Portal and upload it after filling up the entries for the complete schedule of requirements and various price components to enable the system to automatically calculate all-inclusive price of a bid to generate a comparative tabulation of all bids. Any procurement portal that does not have a facility for Financial bid to be uploaded in Excel format (providing detailed break-up in line with type of contract and system of selection) should endeavour to build such functionality, which are crucial for Nonconsultancy and Consultancy Services. b) The Bidder should fill in rates and prices for all items of the Consultancy described in the in the Excel Sheet. Items for which no rate or price is entered by the Consultant will not be paid for by the Procuring Entity when executed and shall be deemed covered by the other rates and prices in the Financial Proposal. The price Schedule contains sections on Remuneration for Staff deployed, Reimbursable Expenses and Miscellaneous Expenses. All duties, taxes, and other levies payable by the Consultant under the Contract, or for any other cause, as in the month prior to the month of the deadline for submission of bids, should be included in the total Bid price submitted by the Bidder. Even in tenders for Lump-sum contracts, for the purpose of determining the remuneration due for additional elements of work, the Bidder shall provide a breakdown of the lump-sum price. Bidding Documents should include a clause that “if a firm quotes NIL service charges/ consideration, the bid shall be treated as unresponsive and will not be considered”. c) Bidders are to upload only the downloaded BOQ (in excel format) after entering the relevant fields without any alteration/ deletion/ modification of other portions of the excel sheet. The quoted price shall be considered to include all relevant financial implications, including inter-alia the scope of the services to be performed, location of the bidder, location of the consignee(s), terms of delivery, extant rules and regulations relating to taxes, duties, customs, transportation, environment, labour of the bidder's country and in India.

What This Means

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

• •Procuring entities must use the standard BOQ Excel format from the eProcurement portal.
• •Bidders must fill in rates and prices for all items; unfilled items will not be paid for and are considered covered by other rates.
• •The bid price must include all applicable duties, taxes, and levies.
• •Even for lump-sum contracts, a price breakdown is required for determining remuneration for additional work.
• •Bids quoting 'NIL' service charges will be considered unresponsive and rejected.

Practical Example

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.