Bid Securing Declaration definition
Examples of Bid Securing Declaration in a sentence
In place of EMD, bidders should provide Bid Securing Declaration as per para 170(iii)of GFR – 2017.
If the Bidder does not accept the corrected amount, its Bid will then be rejected, and the Bid Security may be forfeited or the Bid Securing Declaration may be executed in accordance with ITB 2.3.7.
If the Bidder does not accept the corrected amount, its Bid will then be rejected, and the Bid Security may be forfeited or the Bid Securing Declaration may be executed in accordance with ITB 2.3.8.
If the Bidder does not accept the corrected amount, its Bid will then be rejected, and the Bid Security may be forfeited or the Bid Securing Declaration may be executed in accordance with ITB 1.3.7.
In place of EMD, bidders should provide Bid Securing Declaration as per para 170(iii) of GFR – 2017.
Bid Submission Form, in accordance with ITB Sub-Clause 12.1; Price Schedules, in accordance with ITB Sub-Clause 12.2; Bid Security or Bid Securing Declaration, in accordance with ITB Clause 19 if applicable.
To (Mention full name and address of the purchaser) I/ We, the undersigned, declare that: I/ We understand that bids must be supported by a Bid Securing Declaration.
All bids shall be accompanied by a Bid Securing Declaration as described in the Instructions to Bidders.
The Bid Security may be forfeited or the Bid Securing Declaration executed: if a Bidder withdraws its bid during the period of bid validity specified by the Bidder on the Bid Submission Form, except as provided in ITB Sub-Clause 18.2; or if the successful Bidder fails to: sign the Contract in accordance with ITB Clause 39; furnish a Performance Security in accordance with ITB Clause 40.
The Bid Security or Bid- Securing Declaration of a JV must be in the name of the JV that submits the bid.