Award of Contract ITT 41.1 The maximum percentage by which quantities may be increased is: [15%] The maximum percentage by which quantities may be decreased is: [100%]
– AWARD OF CONTRACTS II.9.1 If the beneficiary has to conclude contracts in order to carry out the action and they constitute costs of the action under an item of eligible direct costs in the estimated budget, he shall seek competitive tenders from potential contractors and award the contract to the bid offering best value for money; in doing so he shall observe the principles of transparency and equal treatment of potential contractors and shall take care to avoid any conflict of interests.
Conditions for Award of Contract 7. The Borrower shall not award any Works contract which involves environmental impacts until:
Awarding of Contracts 1. To be considered for award, a tender shall be submitted in writing and shall, at the time of opening, comply with the essential requirements set out in the notices and tender documentation and be from a supplier that satisfies the conditions for participation.
BID EVALUATION AND AWARD 13.1 The electronic signature shall be considered an offer on the part of the Bidder. Such offer shall be deemed accepted upon issuance by the Owners of purchase orders, contract award notifications, or other contract documents appropriate to the work.
Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.