Common use of Tender Security Clause in Contracts

Tender Security. 13.1 The Tenderer shall furnish the Tender Security as under: 13.2 As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 for a sum equivalent to 2% of the Total Tender Price; 13.2.3 denominated in Pak Rupees; 13.2.4 Have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 a. The Tenderer shall furnish the Tender Security as under: 13.2 b. As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 i. In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 ii. for a sum equivalent to 2% of the Total Tender estimated Price; 13.2.3 iii. denominated in Pak Rupees; 13.2.4 Have iv. have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 c. The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / any/ all of the following conditions: 13.3.1 i. If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 ii. If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 iii. If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 d. The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 The Tenderer shall furnish the Tender Security as under: 13.2 As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 for a sum equivalent to 2% of the Total Tender estimated (Rs. 8,666,600/-) Price; 13.2.3 denominated in Pak Rupees; 13.2.4 Have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 The Tenderer shall furnish the Tender Security as under: 13.2 As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 for a sum equivalent to 2% of the Total Tender estimated Price; 13.2.3 denominated in Pak Rupees; 13.2.4 Have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 a. The Tenderer shall furnish the Tender Security as under: 13.2 b. As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 i. In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 ii. for a sum equivalent to 2% of the Total Tender estimated Price; 13.2.3 iii. denominated in Pak Rupees; 13.2.4 Have iv. have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 c. The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 i. If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 ii. If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 iii. If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 d. The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 a. The Tenderer shall furnish the Tender Security as under: 13.2 b. As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 i. In the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 ii. for a sum equivalent to 2% of the Total Tender Priceestimated Price (Rs. 6,332,160/-); 13.2.3 iii. denominated in Pak Rupees; 13.2.4 Have iv. have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 c. The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 i. If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 ii. If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 iii. If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 d. The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.

Tender Security. 13.1 18.1 The Tenderer Bidder shall furnish the Tender copy of the tender Security as under: 13.2 As part of financial the technical bid envelope, failing which will cause rejection of bid.; as under: 13.2.1 In the form of 18.1.1 Demand Draft / Pay Order / Call Deposit ReceiptBank Guarantee, issued by a scheduled bank operating in Pakistan, in the name of the PurchaserClient, as per the format provided in the Tender Document or in form of Demand Draft; 13.2.2 for a 18.1.2 A sum equivalent to 2% of the Total Tender PricePKR 100,000/- (PKR One Hundred Thousand); 13.2.3 denominated in Pak Rupees; 13.2.4 18.1.3 Have a minimum maximum validity period of ninety 180 days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is laterearlier. 13.3 18.2 The proceeds of the Tender Security shall be payable to forfeited by the PurchaserClient, on the occurrence of any / all of the following conditions: 13.3.1 18.2.1 If the Tenderer Bidder withdraws the Tender during the period of the Tender validity specified by the Tenderer Bidder on the Tender Form; or 13.3.2 18.2.2 If the Tenderer Bidder does not accept the corrections of his Total Tender Price; or 13.3.3 18.2.3 If the TendererBidder, having been notified of the acceptance of the Tender by the Purchaser Client during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 18.2.4 If the Bidder fails to provide the performance security in stipulated timeframe or format. 18.3 The Tender security shall be returned to the technically unsuccessful Tenderer Bidder with unopened/sealed financial bid while bid, as well as to the unsuccessful bidders of following the financial bid opening procedure will be returned the tender security onlyprocedure. The Tender Security shall also be returned to the successful Tenderer Bidder on furnishing the Performance Security.

Tender Security. 13.1 15.1 The Tenderer shall furnish the Tender Security as under: 13.2 15.2 As part of financial bid envelope, failing which will cause rejection of bid. 13.2.1 In 15.2.1 LOT wise tender security (Separate for each LOT, if the bidder is participating for more than one LOTs) would be submitted by the Bidder; 15.2.2 if Total Tender Price is less than or equal to PKR 5 Million, in the form of Demand Draft / Pay Order / Call Deposit Receipt, in the name of the Purchaser; 13.2.2 15.2.3 if the Total Tender Price is more than PKR 5 Million, in the form of Bank Guarantee, issued by a scheduled bank operating in Pakistan, in the name of the Purchaser, as per the format provided in the Tender Document or in another form of security acceptable to the Purchaser; 15.2.4 for a sum equivalent to 2% of the Total Tender Estimated Price; 13.2.3 15.2.5 denominated in Pak Rupees; 13.2.4 Have 15.2.6 have a minimum validity period of ninety days from the last date for submission of the Tender or until furnishing of the Performance Security, whichever is later. 13.3 15.3 The proceeds of the Tender Security shall be payable to the Purchaser, on the occurrence of any / all of the following conditions: 13.3.1 15.3.1 If the Tenderer withdraws the Tender during the period of the Tender validity specified by the Tenderer on the Tender Form; or 13.3.2 15.3.2 If the Tenderer does not accept the corrections of his Total Tender Price; or 13.3.3 15.3.3 If the Tenderer, having been notified of the acceptance of the Tender by the Purchaser during the period of the Tender validity, fails or refuses to furnish the Performance Security, in accordance with the Tender Document. 13.4 15.4 “The Tender security shall be returned to the technically unsuccessful Tenderer with unopened/sealed financial bid while the unsuccessful bidders of financial bid opening procedure will be returned the tender security only. The Tender Security shall be returned to the successful Tenderer on furnishing the Performance Security.bid”