Common use of Number of Bids Clause in Contracts

Number of Bids. A Bidder can submit one bid only in the form of single entity or in the form of a JV / Consortium. It is clarified that a Bidder cannot submit bid as a single entity for one vessel and participate by forming a JV / Consortium for another vessel. However, a Bidder can, as a single entity or as a JV / Consortium, participate in multiple vessels. Bidder’s participation in multiple vessels shall be substantiated in Section IV: Form 4A.

Appears in 4 contracts

Samples: Tender for Bare Boat Chartering, Tender Agreement, Tender Agreement

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