Common use of CODE OF INTEGRITY Clause in Contracts

CODE OF INTEGRITY. No official of the bidder shall act in contravention of the codes which includes prohibition of: i. Making offer, solicitation or acceptance of bribe, reward or gift or any material benefit, either directly or indirectly, in exchange for an unfair advantage in the procurement process or to other wise influence the procurement process. ii. Any omission, or misrepresentation that may mislead or attempt to mislead so that financial or other benefit may be obtained or an obligation avoided. iii. Any collusion, bid rigging or anti-competitive behavior that may impair the transparency, fairness and the progress of the procurement process. iv. Improper use of information provided by the procuring entity to the bidder with an intent to gain unfair advantage in the procurement process or for personal gain. v. Any financial or business transactions between the bidder and any official of the procuring entity related to tender or execution process of contract; which can affect the decision of the procuring entity directly or indirectly. vi. Any coercion or any threat to impair or harm, directly or indirectly, any party or its property to influence the procurement process. vii. Obstruction of any investigation or auditing of a procurement process. viii. Making false declaration or providing false information for participation in a tender process or to secure a contract. ix. Disclosure of conflict of interest. x. Disclosure by the bidder of any previous transgressions made in respect of the provisions of sub-clause with any entity in any country during the last three years or of being debarred by any other procuring entity.