Common use of Validity of the bids Clause in Contracts

Validity of the bids. i. The quoted rates must be valid for a period for 180 days from the date of closing of the tender. The overall offer for the assignment and bidder(s) quoted price shall remain unchanged during the period of validity. If the bidder quoted the validity shorter than the required period, the same will be treated as unresponsive and it may be rejected.

Validity of the bids. i. The quoted rates must be valid for a period for 180 days 12 months from the date of closing of the tender. The overall offer for the assignment and bidder(s) quoted price shall remain unchanged during the period of validityvalidity of tender. If the bidder quoted quotes the validity validity, shorter than the required period, the same will be treated as unresponsive and it may be rejected.