Common use of Drawing up and signature of the Agreement Clause in Contracts

Drawing up and signature of the Agreement. 1. The Tenderer who has been awarded the Framework Agreement, is obliged within a period of seven (7) calendar days of receipt of the relevant invitation of the Contracting Authority, to sign the relevant Framework Agreement (Part B of the Tender Documents). If the aforementioned deadline expires and the Tenderer has not presented himself to sign the Framework Agreement, then the Tenderer shall be subject to the penalties referred to in paragraph 6.5. 2. In such a case, the Contracting Authority has the right to refer the matter back to the Competent Body, with a view to awarding the Contract to the Tenderer who has submitted the next best Tender, as per the ranking of paragraph 9.