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terms used to describe the obligations of the parties, shall be governed by<br />

the rules prescribed in the current edition of the International Commercial<br />

Terms (INCOTERMS) published by the International Chamber of<br />

Commerce, Paris.<br />

15.4. Prices indicated on the Price Schedule shall be entered separately in the<br />

following manner:<br />

(a) For Goods offered from within the Procuring Entity’s country:<br />

(i) The price of the Goods quoted EXW (ex works, ex factory,<br />

ex warehouse, ex showroom, or off-the-shelf, as<br />

applicable), including all customs duties and sales and<br />

other taxes already paid or payable:<br />

(i.1) on the components and raw material used in the<br />

manufacture or assembly of Goods quoted ex works<br />

or ex factory; or<br />

(i.2) on the previously imported Goods of foreign origin<br />

quoted ex warehouse, ex showroom, or off-the-shelf<br />

and any Procuring Entity country sales and other<br />

taxes which will be payable on the Goods if the<br />

contract is awarded.<br />

(ii) The price for inland transportation, insurance, and other<br />

local costs incidental to delivery of the Goods to their final<br />

destination.<br />

(iii) The price of other (incidental) services, if any, listed in the<br />

BDS.<br />

(b) For Goods offered from abroad:<br />

(i) Unless otherwise stated in the BDS, the price of the Goods<br />

shall be quoted DDP with the place of destination in the<br />

Philippines as specified in the BDS. In quoting the price,<br />

the Bidder shall be free to use transportation through<br />

carriers registered in any eligible country. Similarly, the<br />

Bidder may obtain insurance services from any eligible<br />

source country.<br />

(ii) The price of other (incidental) services, if any, listed in the<br />

BDS.<br />

15.5. Prices quoted by the Bidder shall be fixed during the Bidder’s<br />

performance of the contract and not subject to variation or price escalation<br />

on any account. A bid submitted with an adjustable price quotation shall

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