Common use of Compensation for Damages Clause in Contracts

Compensation for Damages. a. If the Buyer/ Owner has disqualified the Bidder(s) / Seller(s) from the tender process prior to the award according to Clause 8, the Buyer/ Owner is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit in case of open tendering.

Appears in 4 contracts

Samples: Integrity Agreement, Integrity Agreement, Integrity Agreement

AutoNDA by SimpleDocs

Compensation for Damages. a. 9.1 If the Buyer/ Owner Buyer has disqualified the Bidder(s) / Seller(s) from the tender process prior to the award according to Clause 8, the Buyer/ Owner Buyer is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit in case of open tendering.

Appears in 2 contracts

Samples: www.unionbankofindia.co.in, www.hal-india.co.in

Compensation for Damages. a. 1. If the Buyer/ Owner Buyer has disqualified the Bidder(s) / Seller(s) Bidder/Seller/Contractor from the tender process prior to the award of contract according to Clause 8Section 3, the Buyer/ Owner Buyer is entitled to forfeit, demand and and/or recover the from Bidder/Seller/Contractor, damages equivalent to the Xxxxxxx Money Deposit in case of open tenderingDeposit/ Bid Security.

Appears in 1 contract

Samples: hindustanpetroleum.com

AutoNDA by SimpleDocs

Compensation for Damages. a. 9.1 If the Buyer/ Owner Buyer has disqualified the Bidder(s) / Seller(sBidder(s)/Seller(s) from the tender process prior to the award according to Clause 8, the Buyer/ Owner Buyer is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit in case of open tendering.

Appears in 1 contract

Samples: www.hal-india.co.in

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!