Offer Validity. 13.1 The Offers as submitted should be valid for acceptance for at least 120 days from the date of opening of offers, unless specified otherwise. 13.2 In exceptional circumstances, prior to expiry of the original Offer validity period, the Owner may request the Contractor firm to extend the period of validity for a specified additional period. The request and the responses thereto shall be made in writing or by fax. The contractor firm may refuse the request without forfeiting its offer security. The Contractor agreeing to the request will not be required or permitted to modify his Offer, but will be required to extend the validity of his Offer for the period of the extension.
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Sources: Tender Notice, Tender Notice, Tender Notice