Common use of Tender Security Clause in Contracts

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price. 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price. 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price. 2.14.3 The tender security is required to protect the Procuring entity Technical University of Mombasa against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity Technical University of Mombasa and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity Technical University of Mombasa as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price.. (No tender security is Required) 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price. 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price.. (N/A) 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price.Kshs. Two hundred thousand only (200,000.00) 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender price.. ( KSH 200,000) 2.14.3 The tender security is required to protect the Procuring entity SIBOWASCO against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity SIBOWASCO and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity SIBOWASCO as non responsive, pursuant to paragraph 2.22

Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. 2.14.2 The tender security shall be in the amount of 0.5 – 2 per cent of the tender priceKshs.Two hundred thousand only (200,000.00) 2.14.3 The tender security is required to protect the Procuring entity against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.14.7 2.14.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency, and shall be in the form of a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to the Procuring entity and valid for thirty (30) days beyond the validity of the tender. 2.14.5 Any tender not secured in accordance with paragraph 2.14.1 and 2.14.3 will be rejected by the Procuring entity as non responsive, pursuant to paragraph 2.22