Common use of VALIDITY OF TENDER Clause in Contracts

VALIDITY OF TENDER. 4.01 Any tender : i) Which contains variations from NFL’s terms. ii) Which contains a conditional offer, or Which fails to provide required information or otherwise is incomplete, or Which is not accompanied with requisite ▇▇▇▇▇▇▇ Money Deposit, and other documents as indicated at Para 3.00 in the instructions to the tenderer shall be liable to be rejected. 4.02 The acceptance of tender will solely rest with the Company, which does not bind itself to accept the lowest tender and further reserves the right: i) to reject any or all tenders or ii) to split up the work amongst two or more parties or iii) to accept the work in part and not in its entirety if considered expedient without assigning any reason or giving any explanation therefore. iv) As far as possible no negotiations will be conducted. However, the Company reserves the right to negotiate for revision of rates downwards if the Company feels that rates so received are on the higher side.