Cancellation of the tender procedure Sample Clauses

Cancellation of the tender procedure. If a tender procedure is canceled, tenderers will be notified by the Contracting Authority. If the tender procedure is canceled before the tender opening session the sealed envelopes will be returned, unopened, to the tenderers. Cancellation may occur, for example, if: ▪ the tender procedure has been unsuccessful, namely where no suitable, qualitatively or financially acceptable tender has been received or there has been no valid response at all; ▪ the economic or technical parameters of the project have changed fundamentally; ▪ exceptional circumstances or force majeure render normal implementation of the project impossible; ▪ all technically acceptable tenders exceed the financial resources available; ▪ there have been substantial errors, irregularities, or frauds in the procedure, in particular where these have prevented fair competition; ▪ the award is not in compliance with sound financial management, i.e. does not respect the principles of economy, efficiency, and effectiveness (e.g. the price proposed by the tenderer to whom the contract is to be awarded is objectively disproportionate with regard to the price of the market. In no event will the Contracting Authority be liable for any damages whatsoever including, without limitation, damages for loss of profits, in any way connected with the cancellation of a tender procedure even if the Contracting Authority has been advised of the possibility of damages. The publication of a contract notice does not commit the Contracting Authority to implement the program or project announced.
Sample 1
AutoNDA by SimpleDocs
Cancellation of the tender procedure. 1. The tender procedure may be cancelled before the specified deadline for the submission of Tenders for specific and justified reasons, by decision of the Contracting Authority.
Sample 1
Cancellation of the tender procedure. In the event of cancellation of a tender procedure, the Contracting Authority will publish Contract Cancellation Decision within 3 days from the decision on the web page of the Contracting Authority: xxx.xxxxxx.xx and on the Public Procurement Portal xxxx://xxxxxx.xxx.xxx.xx. Interested parties are entitled to appeal to the Contracting Authority in written, in person, by registered mail or via e-mail to xxxxxx@xxxxxx.xx. The appeal shall be deemed timely if received by the Contracting Authority maximum 10 (ten) days after the publication of the Contract Cancellation Decision. Against the Decision of the Contracting Authority that decides on the appeal filed, the appellant may within 3 days from the date of receipt of the Decision continue the procedure before the second instance commission (Commission for the protection of the rights of tenderers in procedures for appeals against decisions made in the procedures for awarding contracts for realization of the Regional Housing Programme in the Republic of Serbia, carried out by local self-government units) by submitting a written statement on the continuation of the procedure, via e-mail to xxxxxxxxxxx@xxx.xx. If the tendering procedure is cancelled before the public tender opening, unopened and sealed envelopes are returned to the tenderers. Cancellation may occur where:
Sample 1

Related to Cancellation of the tender procedure

  • Cancellation Procedure 22.1 The Client has a period of 14 calendar days from acceptance of this Agreement to withdraw from this Agreement provided that the Client has not been engaged or involved in any transaction with the Company. This right of withdrawal or cancellation shall not apply following any transaction executed under this Agreement which will thereafter remain binding upon you and the procedure indicated in clause 21 above applies.

  • Cancellation of the Agreement Resident may cancel this Agreement under the circumstances indicated below.

  • CANCELLATION OF TBS ACCESS CODE The Account Holder may cancel his TBS Access Code by giving notice to the Bank in writing or in any other manner as may be determined by the Bank, and such notice shall only be effective upon actual receipt thereof by the relevant officer-in-charge at the Bank.

  • Cancellation of the Contract You are responsible for paying the full Contract Rate for the entire Contract Period, unless the Contract is canceled in accordance with one of the provisions below. Depending on when and how the Contract is canceled, you may owe the University a Cancellation Fee. The “Cancellation Fee” charged by the University constitutes an amount that will compensate the University for the costs it will incur and/or losses it will suffer as a result of your cancellation, which costs and losses are difficult to quantify. As provided in Section III.e. above, your Deposit may be used to partially defray the Cancellation Fee.

  • Cancellation and Suspension Section 5.01. This Agreement shall come into force and effect on the date upon which the Loan Agreement becomes effective.

  • CANCELLATION OF AGREEMENT In the event that prior to the Closing Date (a) trading in securities on the New York Stock Exchange generally, or in securities of the Bank in particular, shall have been suspended, or minimum prices established by the New York Stock Exchange, or any new restrictions on transactions in securities shall have been established by the New York Stock Exchange or by the Commission or by any other United States Federal or State agency or by any action of the United States Congress or by executive order to such a degree as, in your judgment as the Representatives, to affect materially and adversely the marketing of the Securities or (b) existing financial, political or economic conditions in Europe, the United States or elsewhere shall have undergone any change which, in your judgment as the Representatives, would materially and adversely affect the market for the Securities, this Agreement and all obligations of the Underwriters hereunder may be canceled at, or at any time prior to, the Closing Date by you, as the Representatives, without liability on the part of any Underwriter to the Bank or of the Bank to any Underwriter, subject to Section 11(e). Notice of such cancellation shall be given to the Bank in writing, or by cable or telephone confirmed in writing.

  • Cancellation Provisions You are authorized, in your discretion, should I die or should you for any reason whatever deem it necessary for your protection, without notice, to cancel any outstanding orders in order to close out my accounts, in whole or in part, or to close out any of the commitments made on my behalf.

  • CANCELLATION OF CONTRACT The Division of Procurement Services reserves the right to cancel a contract with a thirty-day written notice OR cancel immediately if the contractor does not conform to terms and conditions and specifications of contract.

  • Reservation and Cancellation Procedure A. Unless otherwise set forth, Attendees will make their own reservations for sleeping rooms.

  • CANCELLATION AND REFUND 5.1. Registration fee is not refundable.

Time is Money Join Law Insider Premium to draft better contracts faster.