Examples of BG in a sentence
For tenders having financial quote beyond ± 20% of the estimated contract value, the bidder shall furnish full justification for the quote to satisfy that rates quoted are workable, however decision of the Authority in this regard shall be final and binding upon the bidder with conditions imposed if any (Other than additional BG) and offer for consent would be given to the bidder.
But for tenders having financial quote within ± 10% and ± 20% of the estimated contract value, the contractor is liable to provide additional BG against unbalanced rate which would be communicated in LOA.
The additional BG defined herein shall be over and above the performance security and shall be return after issuance of completion certificate by EIC.
However, non-furnishing of additional BG within the stipulated time of LOA shall be treated as default and consequently, the tender shall be cancelled with forfeiture of EMD.
Hotel, Restaurants and Catering (CPC 641, CPC 642 and CPC 643) excluding catering in air transport services0 BG: The number of foreign managers is not to exceed the number of managers who are Bulgarian citizens, in cases where the public (state and/or municipal) share in the equity capital of a Bulgarian company exceeds fifty per cent.