Common use of Bid Validity Clause in Contracts

Bid Validity. 21.1 Bids shall remain valid for the period of 180 Days after the date of opening of Technical Bid. A bid valid for a shorter period shall be rejected by the Procuring Agency as non-responsive. 21.2 The Procuring Agency, shall ordinarily be under an obligation to process and evaluate the bid within the stipulated bid validity period, Butt under exceptional circumstance and for reasons to be recorded in writing, if an extension is considered necessary, all the bidders shall be requested to extend their respective bid validity period but such extension shall not be for more than the original period of bid validity. 21.3 A bidder who,- (a) agree to the extension of bid validity period shall also extend the validity of bid security for the extended period of the bid validity . (b) Agrees to the procuring Agency’s request for extension of bid validity period shall not be permitted to change the substance of the bid and . (c) Does not agrees to an extension of bid validity period shall be allow to withdraw the bid without forfeiture of the bid security .

Appears in 2 contracts

Samples: Framework Contract, Framework Contract

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Bid Validity. 21.1 Bids shall remain valid for the period of 180 Days identified in the Bid Data Sheet after the date of opening of Technical BidProposal prescribed by the Procuring Agency. A bid valid for a shorter period shall be rejected by the Procuring Agency as non-responsive. 21.2 The Procuring Agency, A procuring agency shall ordinarily be under an obligation to process and evaluate the bid bids within the stipulated bid validity periodperiod but, Butt under exceptional circumstance circumstances and for reasons to be recorded in writing, if an extension is considered necessary, all the bidders shall be requested to extend their respective bid validity period but such extension shall not be for more than the original period of bid validity. 21.3 A bidder who,-Bidder who:- (a) agree Agrees to the extension of the bid validity period shall also extend the validity of the bid bond or security for the extended period of the bid validity .validity; (b) Agrees to the procuring Agencyagency’s request for extension of bid validity period period, shall not be permitted to change the substance of the bid and .bid; and (c) Does not agrees agree to an extension of the bid validity period shall be allow allowed to withdraw the bid without forfeiture of the bid security bond or security.

Appears in 1 contract

Samples: Framework Contract for Local Purchase of Drugs / Medicines, Surgical and Disposables

Bid Validity. 21.1 Bids shall remain valid for the period of 180 Days identified in the Bid Data Sheet after the date of opening of Technical Bidtechnical bid prescribed by the Procuring Agency. A bid valid for a shorter period shall be rejected by the Procuring Agency as non-responsive. 21.2 The Procuring Agency, A procuring agency shall ordinarily be under an obligation to process and evaluate the bid bids within the stipulated bid validity periodperiod but, Butt under exceptional circumstance circumstances and for reasons to be recorded in writing, if an extension is considered necessary, all the bidders shall be requested to extend their respective bid validity period but such extension shall not be for more than the original period of bid validity. 21.3 A bidder Bidder who,- (a) agree Agrees to the extension of the bid validity period shall also extend the validity of the bid bond or security for the extended period of the bid validity .validity; (b) Agrees to the procuring Agencyagency’s request for extension of bid validity period period, shall not be permitted to change the substance of the bid and .bid; and (c) Does not agrees agree to an extension of the bid validity period shall be allow allowed to withdraw the bid without forfeiture of the bid security bond or security.

Appears in 1 contract

Samples: Framework Contract for Purchase of Drugs/Medicines, Surgicals and Disposables

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Bid Validity. 21.1 Bids shall remain valid for the period of 180 Days identified in the Bid Data Sheet after the date of opening of Technical Bidtechnical bid prescribed by the Procuring Agency. A bid valid for a shorter period shall be rejected by the Procuring Agency as non-responsive. 21.2 The A Procuring Agency, agency shall ordinarily be under an the obligation to process and evaluate the bid bids within the stipulated bid validity periodperiod but, Butt under exceptional circumstance circumstances and for reasons to be recorded in writing, if an extension is considered necessary, all the bidders shall be requested to extend their respective bid validity period but such extension shall not shallnot be for more than the original period of bid validity. 21.3 A bidder who,-Bidder who, - (a) agree a. Agrees to the extension of the bid validity period shall also extend the validity of the bid bond or security for the extended period of the bid validity .validity; (b) b. Agrees to the procuring Agencyagency’s request for extension of bid validity period shall not be permitted to change the substance of the bid and .bid; and (c) c. Does not agrees agree to an extension of the bid validity period shall be allow allowed to withdraw the bid without forfeiture of the bid security bond or security.

Appears in 1 contract

Samples: Framework Contract for Provision of Janitorial Services

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