Common use of Bid Validity Clause in Contracts

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- responsive. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 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. 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- non-responsive. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 1 : The price shall be increased by the factor (value of B is based on factor B)1 for each week or part of a week that has elapsed from the country’s inflation for expiration of the period in question. The borrower inserts initial bid validity to the value in date of issue of letter of acceptance to the bid document prior to issuesuccessful Bidder. 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- responsive. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 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. 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety Ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- non-responsive. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance incompliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in adjustment),in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 1 follows : The value price shall be increased by the factor 0.12% for each week or part of B is based on a week that has elapsed from the country’s inflation for expiration of the period in question. The borrower inserts initial bid validity to the value in date of issue of letter of acceptance to the bid document prior to issuesuccessful Bidder. 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- responsive. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction. 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. 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety 180 days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- non-responsive. In case of discrepancy in bid validity period between that given in the undertaking pursuant to Clause 12.1 (v) and the Form of Bid submitted by the bidder, the latter shall be deemed to stand corrected in accordance with the former and the bidder has to provide for any additional security that is required. 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' bidder’s responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 5.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser Employer requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 1 : The value price shall be increased by the factor of B is based on 0.2% for each week or part of a week that has elapsed from the country’s inflation for expiration of the period in question. The borrower inserts initial bid validity to the value in date of issue of letter of acceptance to the bid document prior to issuesuccessful bidder. 15.4 Bid evaluation will be based on the bid prices without taking into in to consideration the above correction.

Bid Validity. 15.1 Bids shall remain valid for a period not less than ninety days after the deadline date for bid submission specified in Clause 20. A bid valid for a shorter period shall be rejected by the Employer as non- non-responsive.. XXX.XX/W-2 15.2 In exceptional circumstances, prior to expiry of the original time limit, the Employer may request that the bidders may extend the period of validity for a specified additional period. The request and the bidders' responses shall be made in writing or by cable. A bidder may refuse the request without forfeiting his bid security. A bidder agreeing to the request will not be required or permitted to modify his bid except as provided in 15.3 hereinafter, but will be required to extend the validity of his bid security for a period of the extension, and in compliance with Clause 16 in all respects. 15.3 In the case of contracts in which the Contract Price is fixed (not subject to price adjustment), in the event that the purchaser requests and the Bidder agrees to an extension of the validity period, the contract price, if the Bidder is selected for award shall be the bid price corrected as follows: 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.follows : Comment [p4]: Insert a value 15.4 Bid evaluation will be based on the bid prices without taking into consideration the above correction.