MBD 3.2

PRICING SCHEDULE – NON-FIRM PRICES

(PURCHASES)

NOTE:	PRICE ADJUSTMENTS WILL BE ALLOWED AT THE PERIODS AND TIMES SPECIFIED IN THE BIDDING DOCUMENTS.

IN CASES WHERE DIFFERENT DELIVERY POINTS INFLUENCE THE PRICING, A SEPARATE PRICING SCHEDULE MUST BE SUBMITTED FOR EACH DELIVERY POINT

Name of Bidder……………………………………… Bid number………………………………… Closing Time ……………………… Closing Date …………………………………………

OFFER TO BE VALID FOR………DAYS FROM THE CLOSING DATE OF BID.

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ITEM	QUANTITY	DESCRIPTION	BID PRICE IN RSA CURRENCY

NO.	**(ALL APPLICABLE TAXES INCUDED)

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Required by:	…………………………………………

-	At:	…….…..……………………………….

Brand and model	……..………………………………….

Country of origin	……...………………………………….

-	Does the offer comply with the specification(s)?	*YES/NO

If not to specification, indicate deviation(s)	………………………………………….

Period required for delivery	………………………………………….

-	Delivery:	*Firm/Not firm

** ”all applicable taxes” includes value- added tax, pay as you earn, income tax, unemployment insurance fund contributions and skills development levies.

*Delete if not applicable

MBD 3.2

PRICE ADJUSTMENTS

A	NON-FIRM PRICES SUBJECT TO ESCALATION

1.	IN CASES OF PERIOD CONTRACTS, NON FIRM PRICES WILL BE ADJUSTED (LOADED) WITH THE ASSESSED CONTRACT PRICE ADJUSTMENTS IMPLICIT IN NON FIRM PRICES WHEN CALCULATING THE COMPARATIVE PRICES

IN THIS CATEGORY PRICE ESCALATIONS WILL ONLY BE CONSIDERED IN TERMS OF THE FOLLOWING FORMULA:

Where:

Pa	=	The new escalated price to be calculated.

(1-V) Pt	=	85% of the original bid price. Note that Pt must always be the original bid price and not an escalated price.

D1, D2..	=	Each factor of the bid price eg. labour, transport, clothing, footwear, etc. The total of the various factors D1,D2…etc. must add up to 100%.

R1t, R2t……	=	Index figure obtained from new index (depends on the number of factors used).

R1o, R2o	=	Index figure at time of bidding.

VPt	=	15% of the original bid price. This portion of the bid price remains firm i.e. it is not subject to any price escalations.

3.	The following index/indices must be used to calculate your bid price:

Index………. Dated……….	Index………. Dated……….	Index………. Dated……….

Index………. Dated……….	Index………. Dated……….	Index………. Dated……….

4.	FURNISH A BREAKDOWN OF YOUR PRICE IN TERMS OF ABOVE-MENTIONED FORMULA. THE TOTAL OF THE VARIOUS FACTORS MUST ADD UP TO 100%.

FACTOR (D1, D2 etc. eg. Labour, transport etc.)	P PERCENTAGE OF BID PRICE

MBD 3.2

B	PRICES SUBJECT TO RATE OF EXCHANGE VARIATIONS

1.	Please furnish full particulars of your financial institution, state the currencies used in the conversion of the prices of the items to South African currency, which portion of the price is subject to rate of exchange variations and the amounts remitted abroad.

PARTICULARS OF FINANCIAL INSTITUTION	ITEM NO	PRICE	CURRENCY	RATE	PORTION OF PRICE SUBJECT TO ROE	AMOUNT IN FOREIGN CURRENCY REMITTED ABROAD
ZAR=
ZAR=
ZAR=
ZAR=
ZAR=
ZAR=

2.	Adjustments for rate of exchange variations during the contract period will be calculated by using the average monthly exchange rates as issued by your commercial bank for the periods indicated hereunder: (Proof from bank required)

AVERAGE MONTHLY EXCHANGE RATES FOR THE PERIOD:	DATE DOCUMENTATION MUST BE SUBMITTED TO THIS OFFICE	DATE FROM WHICH NEW CALCULATED PRICES WILL BECOME EFFECTIVE	DATE UNTIL WHICH NEW CALCULATED PRICE WILL BE EFFECTIVE