VALIDITY OF BID Sample Clauses
The 'Validity of Bid' clause defines the period during which a submitted bid remains binding and open for acceptance by the party inviting the bids. Typically, this clause specifies a set timeframe—such as 60 or 90 days—during which the bidder cannot withdraw or alter their offer, regardless of changes in market conditions or other circumstances. Its core practical function is to provide certainty and stability to the bidding process, ensuring that the inviting party has sufficient time to evaluate all bids without the risk of offers being revoked or changed.
VALIDITY OF BID. The bid submitted under this tender must be valid for a period of 120 days from the date of closing of tender.
VALIDITY OF BID. The Bid should remain valid till 180 days from the last date of submission of the Bid.
VALIDITY OF BID. Bid(s) will be remained validupto02 working days from the date of auction.
VALIDITY OF BID. 4.8.1 The Bids submitted shall remain valid for 180 days from the Due Date of submission.
4.8.2 In exceptional circumstances, prior to the expiry of the original bid validity period, TSRTC may request the Bidders to extend the period of validity for a specified additional period. The request for the extension shall be made in writing. Bidder will not be permitted to modify its Price Bid, but will be required to extend the validity of the Bid for the period of extension.
VALIDITY OF BID. The bid, including the Price, shall be bound as a firm offer and valid unconditionally for a period of one (1) month after the closing date for receiving the bid document. In case that KPJB requests the bidder to change some contents of his/her bid in connection with bid evaluation or contract negotiation, KPJB's request shall not be regarded as a rejection of the bid. KPJB, if necessary, may request the bidder to extend the validity of the bid.
VALIDITY OF BID. The prices of the Proposal shall be valid for the duration of the agreement, as specified by UNAIDS. A proposal valid for a shorter period shall be rejected by UNAIDS on the grounds that it is non- responsive.
VALIDITY OF BID. NVHC reserves the right to withhold award of the Contract for a period of sixty (60) days from the date of the Bid opening. The Bidder acknowledges in submitting his/her Bid that all prices listed in the Bid Proposal are valid for a period of not less than sixty (60) days from the date of the Bid Opening.
VALIDITY OF BID i) All the bids shall be valid for 120 days from the date of opening of technical bid.
ii) If any tenderer withdraws his tender prior to expiry of validity period as mentioned above i.e. 120 days from the date of tender opening, or mutually extended period or makes modifications in the rates, terms and conditions of the tender within the said validity period, which are not acceptable to the department, or fails to commence the work in the specified period/ fails to execute the agreement, the department shall without prejudice to any other right or remedy be at liberty to forfeit the amount of ▇▇▇▇▇▇▇ money given in any form absolutely. If any Supplier, who having submitted a tender does not execute the agreement or start the work or does not complete the work and the work has to be put to re-tendering, he shall stand debarred from participating in such re-tendering in addition to forfeiture of ▇▇▇▇▇▇▇ money/ security deposit and other action under agreement. If there is strong justification of believing that the tenderer or his authorized has been guilty of mal-practices such as submission of forged documents, influencing individually or politically, his offer will be liable to rejection and in such case his ▇▇▇▇▇▇▇ money shall be forfeited.
VALIDITY OF BID. Bids shall be valid for a period of 90 days from the date of opening of technical bid. Prior to the expiry of the period of validity of bid, the procuring entity, may request the bidders to extend the bill validity period for an additional specified period of time. A bidder may refuse the request and such refusal shall be treated as withdrawal of the bid but in such circumstances bid Securing shall not be forfeited.
VALIDITY OF BID a) The bids shall remain valid for acceptance for a minimum period of 60 days (sixty days) after the date of opening of Technical Bid prescribed in the tender document. Any tender valid for a shorter period shall be treated as unresponsive and shall be rejected.
b) In exceptional cases, MMTC may request the bidders to extend the Validity of their bids to a specific period. Such request(s) and responses thereto shall be conveyed by fax/email. The bidders, who agree to extend the tender validity, are to extend the same without any change or modification of the original tender.
c) In case, the day up to which the bids are to remain valid is subsequently declared a holiday or closed day, the bid validity shall automatically be extended up-to the next working day.
d) In case of any discrepancy, the amount in word shall be considered as final.