Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;
Bid Security. (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.
Bid Security means the bank guarantee or other form of security submitted by a bidder together with a bid to secure the obligations of the bidder participating in a bidding proceedings
Examples of Bid Security in a sentence
However, in case the JV/Consortium is either not prequalified for the Project or does not get selected for award of the Project, the Agreement will stand terminated in case the Bidder is not pre-qualified or upon return of the Bid Security by the Authority to the Bidder, as the case may be.
In addition to the Bid Security, the Owner requires the Contractor to furnish the following bonds and insurance.
In such an event, the Employer shall, without prejudice to its any other rights or remedies, forfeit the Bid Security or Performance Security, towards damages payable to the Employer for, inter alias, time, cost and effort of the Employer, in regard to the Tender for Consultancy, including consideration and evaluation of such Bidder’s Proposal.
More Definitions of Bid Security
Bid Security means the security provided by the Concessionaire to the Authority along with the Bid, in accordance with the Request for Proposals, and which is to remain in force until substituted by the Performance Security;
Bid Security. (i.e. Earnest Money Deposit) means monetary guarantee to be furnished by a Bidder along with its Bid.
Bid Security means the refundable amount to be submitted by the Bidder along with Tender Documents to DMRC as a security against the earnestness of bid.
Bid Security means the bank guarantee or CDR submitted by a Bidder together with a bid to secure the obligations of the Bidder participating in a bidding proceedings
Bid Security means bid security as referred to in Clause 15.
Bid Security means the unconditional and irrevocable bank guarantee to be submitted along with the Bid at the RFP stage. The details will be provided to the qualified bidders at the RFP stage.
Bid Security means the bid security to be given by the Bidders, as detailed in Clause 14 of the ITB.