Common use of Modification and Withdrawal of Bids Clause in Contracts

Modification and Withdrawal of Bids. 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20. 22.2 Each Bidder’s modification or withdrawal notice shall be prepared, sealed, marked, and delivered in accordance with Clause 18 & 19, with the outer and inner envelopes additionally marked “MODIFICATION” or “WITHDRAWAL”, as appropriate. 22.3 No bid may be modified after the deadline for submission of Bids. 22.4 Withdrawal or modification of a Bid between the deadline for submission of bids and the expiration of the original period of bid validity specified in Clause 15.1 above or as extended pursuant to Clause 15.2 may result in the forfeiture of the Bid security pursuant to Clause 16. 22.5 Bidders may offer discounts to, or modify the prices of their Bids only by submitting Bid modifications in accordance with this clause, or included in the original Bid submission.

Appears in 30 contracts

Sources: Construction Contract, Renovation Agreement, Civil Works Agreement

Modification and Withdrawal of Bids. 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20. 22.2 Each Bidder’s 's modification or withdrawal notice shall be prepared, sealed, marked, and delivered in accordance with Clause 18 & 19, with the outer and inner envelopes additionally marked "MODIFICATION" or "WITHDRAWAL", as appropriate. 22.3 No bid may be modified after the deadline for submission of Bids. 22.4 Withdrawal or modification of a Bid between the deadline for submission of bids and the expiration of the original period of bid validity specified in Clause 15.1 above or as extended pursuant to Clause 15.2 may result in the forfeiture of the Bid security pursuant to Clause 16. 22.5 Bidders may offer discounts to, or modify the prices of their Bids only by submitting Bid modifications in accordance with this clause, or included in the original Bid submission.

Appears in 9 contracts

Sources: Construction Contract, Construction Contract, Invitation for Bid (Ifb)

Modification and Withdrawal of Bids. 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20. 22.2 Each Bidder’s 's modification or withdrawal notice shall be prepared, sealed, marked, and delivered in accordance with Clause 18 & 19, with the outer and inner envelopes additionally marked "MODIFICATION" or "WITHDRAWAL", as appropriate. 22.3 No bid may be modified after the deadline for submission of Bids. 22.4 Withdrawal or modification of a Bid between the deadline for submission of bids and the expiration of the original period of bid validity specified in Clause 15.1 above or as extended pursuant to Clause 15.2 may result in the forfeiture of the Bid security pursuant to Clause 16. 22.5 Bidders may only offer discounts to, or otherwise modify the prices of their Bids only by submitting Bid modifications in accordance with this clause, or included in the original Bid submission.

Appears in 6 contracts

Sources: Construction Contract, Construction Contract, Construction Contract

Modification and Withdrawal of Bids. 22.1 24.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 2022. 22.2 24.2 Each Bidder’s 's modification or withdrawal notice shall be prepared, sealed, marked, and delivered in accordance with Clause 18 20 & 1921, with the outer and inner envelopes additionally marked "MODIFICATION" or "WITHDRAWAL", as appropriate. 22.3 24.3 No bid may be modified after the deadline for submission of Bids. 22.4 24.4 Withdrawal or modification of a Bid between the deadline for submission of bids and the expiration of the original period of bid validity specified in Clause 15.1 17.1 above or as extended pursuant to Clause 15.2 17.2 may result in the forfeiture of the Bid security pursuant to Clause 1618. 22.5 24.5 Bidders may offer discounts to, or otherwise modify the prices of their Bids only by submitting Bid modifications in accordance with this clause, or included in the original Bid submission.

Appears in 3 contracts

Sources: Turnkey Contract, Turnkey Contract, Turnkey Contract

Modification and Withdrawal of Bids. 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20. 22.2 Each Bidder’s 's modification or withdrawal notice shall be prepared, sealed, marked, and delivered in accordance with Clause 18 & 19, with the outer and inner envelopes additionally marked "MODIFICATION" or "WITHDRAWAL", as appropriate. 22.3 No bid may be modified after the deadline for submission of Bids. 22.4 Withdrawal or modification of a Bid between the deadline for submission of bids and the expiration of the original period of bid validity specified in Clause 15.1 above or as extended pursuant to Clause 15.2 may result in the forfeiture of the Bid security pursuant to Clause 16. 22.5 Bidders may offer discounts to, or otherwise modify the prices of their Bids only by submitting Bid modifications in accordance with this clause, or included in the original Bid submission.

Appears in 1 contract

Sources: Restructuring and Modernisation Agreement