FAR 52.225-17 - Evaluation of Foreign Currency Offers

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Prescribed in 25.1103(c)
Effective Date:	1 December 2014
Clause or Provision:	Provision
Provision or Clause Number:	52.225-17 - Evaluation of Foreign Currency Offers
Principle Type And/Or Purpose of Contract:
Required:
Applicable:	Time and Materials/Labor Hour; Facilities; Architect-Engineering; Dismantling, Demolition or Removal of Improvements; Fixed Price, Supply; Cost Reimbursement, Supply; Communication Services; Leasing of Motor Vehicles; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Construction; Cost Reimbursement, Service; Fixed Price, Service; Cost Reimbursement, R&D; Fixed Price, R&D; Indefinite Delivery; Transportation; Simplified Acquisition Procedures (Excludes Micro-Purchase); Utility Services; Commercial Items
Optional:
Subject:
ProcurementType:
Contract Threshold:
Prescription Overview:
Clause Overview:	If the Government receives offers in more than one currency, the Government will evaluate offers by converting the foreign currency to United States currency using [Contracting Officer to insert source of rate] in effect as follows: Sealed Bidding For acquisitions conducted using sealed bidding procedures, on the date of bid opening. Negotiation Procedures For acquisitions conducted using negotiation procedures— (1) On the date specified for receipt of offers, if award is based on initial offers; otherwise (2) On the date specified for receipt of proposal revisions. References and Notes
Important Notes/Requirements:
Subcontract Threshold:
Incorporated by Reference:	Yes
Uniform Contract Format:	M
Editor:	Marshall

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Personal notes.

Edits needed