OpenLegislation

Article 71

United Kingdom

Original text. Later amendments are not shown.

1.

The documents relating to the invitation to tender shall clearly state whether a firm, non-revisable price must be quoted.

2.

If that is not the case, the documents relating to the invitation to tender shall lay down the conditions and/or formulas for revision of prices during the lifetime of the contract. In such cases the contracting authority shall take particular account of:

(a)

the object of the procurement procedure and the economic situation in which it is taking place;

(b)

the type of tasks and contract and their duration;

(c)

its financial interests.