52.225-17 — Evaluation of Foreign Currency Offers.
Researched by the BidStride Research Team
What This Clause Requires
FAR 52.225-17 — Evaluation of Foreign Currency Offers.. This clause is part of the Federal Acquisition Regulation and may be included in government contracts as a solicitation provision or contract clause.
Official Regulation Text
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) [64 FR 72441, Dec. 27, 1999, as amended at 72 FR 63090, Nov. 7, 2007]
Compliance Checklist
Flow-Down to Subcontractors
No flow-down required
This clause applies only to the prime contract and does not need to be flowed down to subcontractors.
Frequently Asked Questions
FAR 52.225-17 (Evaluation of Foreign Currency Offers.) is a federal acquisition regulation clause that may be included in government contracts. It falls under the export-control category.
FAR 52.225-17 is typically required when the contracting officer determines it's applicable to the specific procurement. Check the solicitation's Section I for included clauses.
Whether FAR 52.225-17 flows down depends on the specific clause language and contract type. Review the clause text for flow-down provisions.
This summary is for informational purposes only and reflects the BidStride Research Team's plain-English interpretation of the regulation. It is not legal advice and does not constitute an attorney-client relationship. Always consult the official Federal Acquisition Regulation (FAR) or Defense Federal Acquisition Regulation Supplement (DFARS) text and qualified legal counsel for compliance decisions.