Common use of Withdrawal, Substitution, and Modification of Bids Clause in Contracts

Withdrawal, Substitution, and Modification of Bids. 24.1 A Bidder may withdraw, substitute, or modify its Bid – Technical or Price – after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB 20.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid must accompany the respective written notice. All notices must be: (a) prepared and submitted in accordance with ITB 20 and ITB 21 (except that withdrawals notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and (b) received by the Employer prior to the deadline prescribed for submission of Bids, in accordance with ITB 22. 24.2 Bids requested to be withdrawn in accordance with ITB 24.1 shall be returned unopened to the Bidders. 24.3 No Bid may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids and the expiration of the period of Bid validity specified by the Bidder on the Letters of Technical Bid and Price Bid or any extension thereof.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Withdrawal, Substitution, and Modification of Bids. 24.1 A Bidder Tenderer may withdraw, substitute, or modify its Bid – Technical or Price – tender after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB ITT 20.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid tender must accompany the respective written notice. All notices must be: be (a) prepared and submitted in accordance with ITB ITT 20 and ITB ITT 21 (except that withdrawals notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and and (b) received Received by the Employer prior to the deadline prescribed for submission of Bidsbids, in accordance with ITB ITT 22. . 24.2 Bids requested to be withdrawn in accordance with ITB ITT 24.1 shall be returned unopened to the Bidders. Tenderers. 24.3 No Bid tender may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids bids and the expiration of the period of Bid tender validity specified by the Bidder Tenderer on the Letters Form of Technical Bid and Price Bid Tender or any extension thereof.

Appears in 1 contract

Samples: Framework Provision Agreement

Withdrawal, Substitution, and Modification of Bids. 24.1 23.1 A Bidder may withdraw, substitute, or modify its Bid – Technical or Price – bid after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB 20.219.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid bid must accompany the respective written notice. All notices must be: : (a) prepared and submitted in accordance with ITB 20 19 and ITB 21 20 (except that withdrawals with drawal notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and and (b) received by the Employer prior to the deadline prescribed for submission of Bidsbids, in accordance with ITB 22. 24.2 21.Bidders may withdraw, substitute or modify their Bids by giving notice in writing before the deadline prescribed in ITB Clause 21. 23.2 Bids requested to be withdrawn in accordance with ITB 24.1 23.1 shall be returned unopened to the Bidders. 24.3 . 23.3 No Bid bid may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids bids and the expiration of the period of Bid bid validity specified by the Bidder on the Letters Letter of Technical Bid and Price Bid or any extension thereof.. This will result in the forfeiture of the Bid Security pursuant to ITB 17.6..

Appears in 1 contract

Samples: Bidding Agreement

Withdrawal, Substitution, and Modification of Bids. 24.1 A Bidder may withdraw, substitute, or modify its Bid – Technical or Price – bid after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB 20.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid bid must accompany the respective written notice. All notices must be: (a) prepared and submitted in accordance with ITB 20 and ITB 21 (except that withdrawals withdrawal notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and (b) received by the Employer prior to the deadline prescribed for submission of Bidsbids, in accordance with ITB 22. 24.2 Bids requested to be withdrawn in accordance with ITB 24.1 shall be returned unopened to the Bidders. 24.3 No Bid bid may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids bids and the expiration of the period of Bid bid validity specified by the Bidder on the Letters Letter of Technical Bid and Price Bid or any extension thereof.

Appears in 1 contract

Samples: Construction Contract

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Withdrawal, Substitution, and Modification of Bids. 24.1 A Bidder Tenderer may withdraw, substitute, or modify its Bid – Technical or Price – tender after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB ITT 20.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid tender must accompany the respective written notice. All notices must be: be (a) prepared and submitted in accordance with ITB ITT 20 and ITB ITT 21 (except that withdrawals notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and ―WITHDRAWAL,‖ ―SUBSTITUTION,‖ ―MODIFICATION;‖ and (b) received by the Employer prior to the deadline prescribed for submission of Bidsbids, in accordance with ITB ITT 22. . 24.2 Bids requested to be withdrawn in accordance with ITB ITT 24.1 shall be returned unopened to the Bidders. Tenderers. 24.3 No Bid tender may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids bids and the expiration of the period of Bid tender validity specified by the Bidder Tenderer on the Letters Form of Technical Bid and Price Bid Tender or any extension thereof.

Appears in 1 contract

Samples: Performance Based Contract

Withdrawal, Substitution, and Modification of Bids. 24.1 A Bidder may withdraw, substitute, or modify its Bid – Technical or Price – bid after it has been submitted by sending a written notice, duly signed by an authorized representative, and shall include a copy of the authorization in accordance with ITB 20.2, (except that withdrawal notices do not require copies). The corresponding substitution or modification of the Bid bid must accompany the respective written notice. All notices must Allnoticesmust be: (a) prepared and submitted in accordance with ITB 20 and ITB 21 (except that withdrawals notices do not require copies), and in addition, the respective envelopes shall be clearly marked “WITHDRAWAL,” “SUBSTITUTION,” “MODIFICATION;” and (b) received by the Employer prior to the deadline prescribed for submission of Bidsbids, in accordance with ITB 22. 24.2 Bids requested to be withdrawn in accordance with ITB 24.1 shall be returned unopened to the Bidders. 24.3 No Bid bid may be withdrawn, substituted, or modified in the interval between the deadline for submission of Bids bids and the expiration of the period of Bid bid validity specified by the Bidder on the Letters Letter of Technical Bid and Price Bid or any extension thereof.

Appears in 1 contract

Samples: Construction Contract

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