Bid Security Declaration definition

Bid Security Declaration means the declaration to be submitted along with the Technical Bid by the Bidder in lieu of the Bid Bond, as per the format prescribed in Annexure 14A [only applicable for projects for which RFP has been issued before 31.12.2021];

Bid Security Declaration means the declaration to be submitted along with the Technical Bid by the Bidder in lieu of the Bid Bond, as per the format prescribed in Annexure 14A;

Bid Security Declaration. (Appendix-A of the tender document) on original letter head is scanned and uploaded. If I/We fail to furnish the prescribed performance guarantee within the prescribed period, I/We, agree that the Director, TMC or his successors in office shall without prejudice to any other right or remedy be at liberty to suspend the bidder for one year and shall not be eligible to bid to TMC tenders from date of issue of suspension order. Further, if I/We fail to commence work as specified, I/We agree that Director, TMC or the Successors in office shall without Prejudice to any other right or remedy available in law, be at liberty to forfeit the said Performance Guarantee absolutely. The said Performance Guarantee shall be a guarantee to execute all the works referred to in the tender documents upon the terms and conditions contained or referred to those in excess of that limit at the rates to be determined in accordance with the provision contained in clause 12.2 and 12.3 of the tender form. Further, I/We agree that in case of forfeiture of Performance Guarantee as aforesaid, I/We shall be debarred for participation in the re-tendering process of the work. I/We undertake and confirm that eligible similar work(S) has/have not been got executed through another contractor on back to back basis. Further that, if such a violation comes to the notice of Department, then I/We shall be debarred for tendering in TMC in future forever. Also, if such a violation comes to the notice of Department before date of start of work, the Engineer-in-Charge shall be free to forfeit the entire amount of Performance Guarantee. I/We hereby declare that I/We shall treat the tender documents drawings and other records connected with the work as secret/confidential documents and shall not communicate information/derived there from to any person other than a person to whom I/We am/are authorized to communicate the same or use the information in any manner prejudicial to the safety of the state. Dated Day of Month year. Witness ………………………………………. Address ………………………………………… ………………………………………… Occupation ……………………………………………. TENDERER(s) SIGNATURE

Examples of Bid Security Declaration in a sentence

• To qualify for EMD and tender cost exemption, firms should necessarily enclose a valid copy of registration certificate issued by NSIC/DIPP which are valid on last date of submission of the tender documents along with "Bid Security Declaration" accepting that if they withdraw or modify their bids during period of validity etc., they will be suspended for the time specified in the tender documents.

• In view of above, it is reiterated that notwithstanding anything contained in Rule 171 of GFRs 2017 or any other rule or any provision contained in the Procurement Manuals no provisions regarding Bid Security should be kept in the Bis Documents in future and only provision for Bid Security Declaration should be kept in the Bid Documents.

• No provisions regarding Bid Security should be kept in the Bid Documents in future and only provisions for Bid Security Declaration should be kept in the Bid Documents.

• The Tenderer need to sign "Bid Security Declaration" accepting that if they withdraw or modify their bids during period of validity etc., they will be suspended for the time specified there in.

• We understand that this Bid Security Declaration will automatically expire if we are not the successful bidder/ upon the expiry of bid validity period.

• The bidder shall complete and submit the Bid Security Declaration Form (Proforma-C).

• He shall prepare all documents including cost of Bid Document, Bid Security, Declaration form, price bid etc.

• I/ We, irrevocably declare as under: I/ We understand that, as per Clause of Tender/ bid conditions, bids must be supported by a Bid Security Declaration in lieu of Earnest Money Deposit.

• Online bid should be submitted containing copy of the following documents in Cover-1 as documentary proof, for fulfilling qualifying criteria, failing which the offer shall be summarily rejected.a) Bid Security Declaration.

• We understand that according to the tender document, bids must be accompanied by EMD or a Bid Security Declaration.

More Definitions of Bid Security Declaration

Bid Security Declaration means Bid Security Declaration (To be stamped on non – judicial stamp paper of Rs.500 of the state where the document is made) to be submitted by the Bidder along with the Bid as per FORMAT 4: FORMAT FOR BID SECURITY DECLARATION.

Bid Security Declaration means Bid Security Declaration to be submitted by the Bidder along with the Bidas per

Bid Security Declaration means the, in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;