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one year ago | philiplongole

How is the margin of preference applied to a bid?

It is applied by adding a specified percentage margin to a financial bid or proposal price of those bidders who do not qualify for preference (a foreign bid/ proposal) thereby raising their bid or proposal price.

• When procuring goods, works or services under open bidding the following shall apply:

• Margin of preference shall be 15% in respect of goods and 7% in respect of works or services

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