Section 35: Evaluation of Financial Proposals

1) The financial proposal opened pursuant to Section 34 shall be evaluated as provided hereunder:

(a) Where the quality and cost method are applied to select the proposal, the technical and financial proposals shall be evaluated in a combined form, and the proposal of the proponent who obtains the highest marks in such evaluation shall be selected as prescribed.

(b) Where the quality method is applied to select a proposal, only the proposal of the proponent obtaining the highest marks in the technical proposal shall be selected.

(c) Where the fixed budget method is applied to select a proposal, a proposal having a cost above such budget ceiling shall be rejected, and the proposal of the proponent who obtains the highest technical marks after falling within such budget ceiling shall have to be selected.

(d) Where the least cost method is applied to select a proposal, the proposal of a proponent having the lowest cost out of the proponents having obtained the minimum marks prescribed for being successful in the technical proposal shall have to be selected.

2) Other provisions regarding the evaluation of financial proposals shall be as prescribed.