52.214-35
Submission of Offers in U.S. Currency
All offers must be submitted in U.S. dollars or they will be automatically rejected.
Overview
FAR 52.214-35 requires that all offers submitted in response to a government solicitation must be stated in U.S. dollars. Any offer received in a currency other than U.S. dollars will be automatically rejected and not considered for award. This provision ensures consistency in evaluating offers and simplifies the procurement process by eliminating the need for currency conversion or exchange rate considerations.
Key Rules
- Submission in U.S. Dollars
- All offers must be submitted in U.S. currency (U.S. dollars) only.
- Automatic Rejection of Non-U.S. Currency Offers
- Offers submitted in any currency other than U.S. dollars will be rejected without further consideration.
Responsibilities
- Contracting Officers: Must ensure this provision is included in applicable solicitations and enforce the rejection of non-U.S. dollar offers.
- Contractors: Must submit their offers exclusively in U.S. dollars to be considered for award.
- Agencies: Should provide clear instructions in solicitations and monitor compliance during the offer evaluation process.
Practical Implications
- This provision exists to standardize the evaluation of offers and avoid complications from fluctuating exchange rates or currency conversions.
- Contractors must be diligent in preparing their proposals to ensure compliance with the currency requirement.
- Common pitfalls include submitting offers in foreign currency, which will result in automatic rejection and lost business opportunities.