Common use of Conversion to Single Currency Clause in Contracts

Conversion to Single Currency. 31.1 For evaluation and comparison purposes, the currency(ies) of the Tender shall be converted in a single currency as specified in the TDS. 32. Margin of Preference and Reservations 32.1 A margin of preference may be allowed on locally manufactured goods only when the contract is open to international tendering, where the tender is likely to attract foreign goods and where the contract exceeds the threshold specified in the Regulations.

Appears in 3 contracts

Sources: Framework Contract, Framework Contract, Framework Contract