Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.52.225-17 Evaluation of Foreign Currency Offers

As prescribed in 25.1103(c), insert the following provision:

Evaluation of Foreign Currency Offers (FEB 2000)

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:

(a) For acquisitions conducted using sealed bidding procedures, on the date of bid opening.

(b) 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.

(End of provision)