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Bureau of the Treasury Intramuros, ManilaFunding the RepublicBIDDING DOCUMENTS TITLE:ABC :RENTAL OF MULTIFUNCTION DIGITAL PHOTOCOPYING MACHINES FOR CY 2024Php2,100,000.00ITB042024G (EPA_ October 24,

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How to fill out bid and payment currencies

01

Start by gathering all the necessary information such as the amount being bid, the currency being used, and the payment terms.

02

Fill out the bid form accurately with all the required details.

03

Specify the payment currency that will be used to make the payment when the bid is accepted.

04

Double check all the information provided before submitting the bid.

Who needs bid and payment currencies?

01

Anyone participating in a bidding process or making a purchase where different currencies are involved needs to fill out bid and payment currencies.

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What is bid and payment currencies?

Bid and payment currencies refer to the currencies that are used for the purposes of bidding in contracts and for making payments related to such contracts. These currencies are specified in the tender documents and must be adhered to by the parties involved.

Who is required to file bid and payment currencies?

Entities or individuals participating in bidding processes, such as contractors, suppliers, or any bidders, are required to file bid and payment currencies as part of their bid submission.

How to fill out bid and payment currencies?

To fill out bid and payment currencies, bidders must accurately indicate the currency they intend to use for their bids and payments in the designated sections of the bid submission forms, ensuring that all amounts are clearly stated in the specified currency.

What is the purpose of bid and payment currencies?

The purpose of bid and payment currencies is to define the monetary framework within which bids are evaluated and payments are processed, ensuring clarity and consistency in financial transactions among all parties involved.

What information must be reported on bid and payment currencies?

The information that must be reported includes the type of currency being used, the total bid amount in that currency, and any payment terms or conditions associated with the use of that currency.

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