Financial Bids Sample Clauses

Financial Bids. The Victoria Memorial Hall in Kolkata requires bidders to submit their financial bids using a specific format outlined in Annexure –12.13. The completeness of these bids will be assessed by the Hall to ensure that all necessary components are included as per the tender document. It is mandatory for price bids to encompass all applicable taxes and charges, with indicative price break-ups provided. Bidders are prohibited from making assumptions in their bids, and completeness and accuracy are emphasized. The evaluation of financially qualified bidders will be based on the lowest quotation, meaning the bidder offering the lowest price while meeting all tender requirements will be given preference.
Sample 1
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Financial Bids 
Sample 1

Related to Financial Bids

  • International Competitive Bidding Except as otherwise provided in paragraph 2 below, goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

  • Financial Close 23.1.1 The Concessionaire hereby agrees and undertakes that it shall achieve Financial Close within 180 (one hundred and eighty) days from the date of this Agreement and in the event of delay, it shall be entitled to a further period not exceeding 120 (one hundred and twenty) days, subject to payment of Damages to the Authority in a sum calculated at the rate of 0.2% (zero point two per cent) of the Performance Security for each day of delay, and for a further period not exceeding 80 (eighty) days, subject to payment of Damages at the rate specified in Clause 4.3; provided that the Damages specified herein shall be payable every week in advance and the period beyond the said 180 (one hundred and eighty) days shall be granted only to the extent of Damages so paid; provided further that no Damages shall be payable if such delay in Financial Close has occurred solely as a result of any default or delay by the Authority in procuring satisfaction of the Conditions Precedent specified in Clause 4.1.2 or due to Force Majeure. For the avoidance of doubt, the Damages payable hereunder by the Concessionaire shall be in addition to the Damages, if any, due and payable under the provisions of Clause 4.3.

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