Common use of Bid Security Clause in Contracts

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx xx-0, Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 13.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB Rs 28,000/- for this particular work. This bid security shall be in favor of: Office of The Executive EngineerSociety of Integrated Coastal Management, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) payable at New Delhi and may be in one of the following forms:: - a bank guarantee issued by a nationalized / scheduled bank located in India, The Bank Guarantee format shall be as per Attachment or - Certified Cheque, Bank Draft or Letter of Credit in favor of Society of Integrated Coastal Management, payable at New Delhi. 16.2 13.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 13.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 13.1 and 16.2 13.2 above shall be rejected by the Employer Purchaser as non-responsive. 16.4 13.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1period. 16.5 13.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 13.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security. 13.7 Each bidder shall submit only one quotation. Bidder shall not contact other Bidders in matters relating to this Quotation.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineer, Xxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources DepartmentXxxxxxxxxx, Bhopal (M. P.) and may be in one of the following forms:: - A Bank guarantee issued by a nationalized / scheduled bank located in India or a reputable bank located abroad in the form given in Section 8; or - Certified cheque, Bank draft or Letter of Credit in favour of Executive Engineer, Xxxxx Xxxxx Xxxxxx Xxxxxxxxxx, Bhopal payable at Bhopal 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive EngineerTHE MANAGING DIRECTOR, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxCMWSSB, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) CHENNAI and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to to (i) Sign sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms:and 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms:and 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to to (i) Sign sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited. (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive EngineerDirector, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxBTKIT, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) Dwarahat and may be in one of the following forms:: - a bank guarantee issued by a nationalized / Scheduled Bank located in India or a reputable Bank located abroad in the form given in Section 8; or - Certified cheque/ Bank draft/Letter of credit, in favour of The Director, BTKIT, Dwarahat payable at SBI, BTKIT, Dwarahat 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 1 The value of B is based on the country’s inflation for the period in question. The borrower inserts the value in the bid document prior to issue. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive EngineerAdditional Project Director, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxState Project Management Unit, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) Gujarat Ecology Commission and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Link Xxxx Xxxx xx-0,Xxxxx xx- 0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineerthe Commissioner, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) Vandavasi Municipality and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineerthe Commissioner, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxGuwahati Municipal Corporation, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources DepartmentPanbazaar, Bhopal (M. P.) Guwahati– 781001, and may be in one of the following forms:: - A bank guarantee issued by a nationalized/scheduled bank located in India; or - TDR/FDR pledged in favour of the Commissioner, Guwahati Municipal Corporation, Panbazaar, Guwahati – 781001, payable at Guwahati. 16.2 Bank guarantees guarantees/TDR/FDR issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-non- responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this the particular work. This bid security shall be in favor of: Office favour of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxConstruction Division, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources DepartmentPunjab PWD B&R Branch, Bhopal (M. P.) and may be Sirhind in one of the following forms:, (a) Deposit-at-call Receipt from any scheduled Indian Bank or a Foreign Bank located in India and approved by the Reserve Bank of India. (b) Fixed deposit receipt from any scheduled bank in India and duly pledged and discharged on the back side, in favour of Executive Engineer, Construction Division, Punjab PWD B&R Branch, Sirhind. 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bidDeleted. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses Sub-Clause 16.1 and 16.2 above shall be rejected by the Employer as non-non- responsive. 16.4 The Bid Security of unsuccessful bidders bidder will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited. (a) if If the Bidder withdraws the Bid after Bid opening during the period of Bid validity;. (b) If the Bidder does not accept the correction of the Bid Price, pursuant to Clause clause 27; or (c) In the case of a successful Bidder, if the Bidder fails within the specified time limit to: (i) Sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive EngineerTHE COMMISSIONER, Xxxxxx Xxxxx Xxxxxx XxxxxxxxxSalem City Municipal Corporation, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) SALEM and may be in one of the following forms: 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Sub-Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to to (i) Sign sign the Agreement; or (ii) Furnish the required Performance Security.

Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office favour of The Executive Engineer, Xxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources DepartmentXxxxxxxxxx, Bhopal (M. P.) and may be in one of the following forms:: - A Bank guarantee issued by a nationalized / scheduled bank located in India or a reputable bank located abroad in the form given in Section 8; or - Certified cheque, Bank draft or Letter of Credit in favour of Executive Engineer, Xxxxx Xxxxx Xxxxxx Xxxxxxxxxx, Bhopal payable at Bhopal 16.2 Bank guarantees issued as surety for the bid shall be valid for 45 days beyond the validity of the bid. 16.3 Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub- Clauses 16.1 and 16.2 above shall be rejected by the Employer as non-responsive. 16.4 The Bid Security of unsuccessful bidders will be returned within 28 days of the end of the bid validity period specified in Sub-Clause 15.1. 16.5 The Bid Security of the successful bidder will be discharged when the bidder has signed the Agreement and furnished the required Performance Security. 16.6 The Bid Security may be forfeited (a) if the Bidder withdraws the Bid after Bid opening during the period of Bid validity; (b) If if the Bidder does not accept the correction of the Bid Price, pursuant to Clause 27; or (c) In in the case of a successful Bidder, if the Bidder fails within the specified time limit to (i) Sign sign the Agreement; or (ii) Furnish furnish the required Performance Security.