Common use of PREPARATION OF TENDER Clause in Contracts

PREPARATION OF TENDER. “Single Stage Two Envelope Basis” The BID (Tender) submitted shall comprise of a single package containing two sealed envelopes, each envelope shall be marked and will contain “TECHNICAL” and “FINANCIAL” proposal. On the given tender opening date only “Technical Proposal” will be opened in the presence of tenderers available. The “Financial Proposal” shall be shown to the parties but will be retained with PIA without being opened. After Technical Evaluation of the received Technical Proposals, Financial Proposals will be opened publicly at the date, time & venue to be announced and will be communicated to the bidders in advance. PIA will open the “Financial Proposals” publicly of the parties whose Technical Proposals have been found acceptable. Financial Proposals of the technically not-acceptable bids shall be remained un- opened till the completion of tender process.

PREPARATION OF TENDER. “Single Stage Two Envelope Basis”  The BID (Tender) submitted shall comprise of a single package containing two sealed envelopes, each envelope shall be marked and will contain “TECHNICAL” and “FINANCIAL” proposal.  On the given tender opening date only “Technical Proposal” will be opened in the presence of tenderers available.  The “Financial Proposal” shall be shown to the parties but will be retained with PIA without being opened.  After Technical Evaluation of the received Technical Proposals, Financial Proposals will be opened publicly at the date, time & venue to be announced and will be communicated to the bidders in advance.  PIA will open the “Financial Proposals” publicly of the parties whose Technical Proposals have been found acceptable.  Financial Proposals of the technically not-acceptable bids shall be remained un- opened till the completion of tender process.