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               to be post-qualified it shall be considered the Lowest Calculated Responsive Bid and the
               contract shall be awarded to the bidder.

                       Bid shall be determined in two steps:
                       ➢  The detailed evaluation of the financial component of the bids, to establish the
                          correct calculated prices of bids; and
                       ➢  The ranking of the total bid prices as so calculated from the lowest to the highest.
                          The bid with the lowest price shall be identified as the Lowest Calculated Bid.

               Members of the BAC, including its staff and personnel, as well as its Secretariat, and TWG,
               are  prohibited  from  making  or  accepting  any  kind  of  communication  with  any  bidder
               regarding  the  evaluation  of  their  bids  until  the  issuance  of  the  Notice  of  Award,  unless
               otherwise allowed in this IRR. The entire evaluation process shall be completed in not more
               that  fifteen  (15)  days  for  the  procurement  of  goods  and  infrastructure  projects  from  the
               deadline for the receipt of proposals.

               Ceiling of Bid Prices

               The approved budget for the contract under bidding shall be the upper limit or  ceiling for
               acceptable bid prices. If a bid price, as evaluated and calculated in accordance with this IRR,
               is higher than the approved budget for the contract under bidding, the bidder submitting the
               same shall be automatically disqualified. There shall be no lower limit or floor on the amount
               of the award.

               Detailed Evaluation of Bids

               To  determine  the  Lowest  Calculated  Bid,  the  BAC  shall  immediately  conduct  a  detailed
               evaluation of all bids rated “passed” using a non-discretionary criteria, which shall include a
               consideration of the following:

                   a)  The bid must be complete. Bids not addressing or providing all of the required items
                       in  the  bidding  documents  including,  where  applicable,  bill  quantities,  shall  be
                       considered non-responsive, but specifying a “0” (zero) for the said item would mean
                       that its being offered for free for the government; and
                   b)  Minor  arithmetical  corrections  to  consider  computational  errors,  omissions  and
                       discounts  if  allowed  in  the  bidding  documents  to  enable  proper  comparison  of  all
                       eligible bids. Any adjustment shall be calculated in monetary terms to determined the
                       calculated prices.

               In the evaluation of bids under existing and future foreign loan agreements where tax and/or
               non-tax privileges have been granted, the BAC shall evaluate all bids on an equal footing to
               ensure fair and competitive bid evaluation. For this purpose, all bidders shall be required to
               include the cost of all taxes, such as, but not limited to, value added tax (VAT), income tax,
               local taxes and other fiscal levies and duties which shall be itemized in the bid form and
               reflected in the detailed estimates. Such bids, including said taxes, shall be the basis for bid
               evaluation and comparison.

               In  case  of  discrepancies  between:  (a)  bid  prices  in  figures  and  in  words,  the  latter  shall
               prevail; (b) total prices and unit prices, the latter shall prevail; (c) unit cost in the detailed
               estimates and unit cost in the bill of quantities, the latter shall prevail.

               Ranking of Total Bid Prices

               Based  on  the  detailed  evaluation  of  bids,  those  that  comply  with  the  above-mentioned
               requirements shall be ranked in the ascending order of their total calculated bid prices, as
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