Section 12 in Bihar Electricity Regulatory Commission (Appointment of Consultants) Regulations, 2005
12. Financial Evaluation.
- (i) The financial proposals of the pre-qualified Consultants will be opened by the Committee in presence of Consultants or their representatives whose bids are shortlisted for financial evaluation. The quoted prices shall be readout.The details shall be recorded in minutes of the proceedings.(ii)The Secretary will cause a review of the financial proposals to be done. Arithmetical errors will be corrected. The cost will be converted to a single currency using uniform selling (exchange) rates.(iii)The proposal with lowest quoted price will be given a financial score of 100 and other proposals given financial scores that are inversely proportional to their quoted prices.
