Examples of Bid Value in a sentence
In the form of unconditional and irrevocable Bank Guarantee) 10% of the Bid Value (Validity should be till the completion of Warranty + 60 days).
OIL INDIA LTD accepts no liability of any nature resulting from any calculation error or omissions while filling up the “Total Bid Value” (under RFx Information > Basic Data > Total Bid Value) by the bidders and no claim whatsoever shall be entertained thereof.
In the form of unconditional and irrevocable Bank Guarantee) 3% of the Bid Value (Validity should be till the completion of Warranty + 60 days).
Company shall evaluate the inter-se-ranking of the bidders and conduct Draw of Lots amongst the eligible bidders in case of identical bidding, strictly as per the overall quoted price under the “Total Bid Value” (under RFx Information > Basic Data > Total Bid Value) and awarding of contract shall be done accordingly.
It is the responsibility of the bidder to fill up the “Total Bid Value” (under RFx Information > Basic Data > Total Bid Value) correctly as per the instructions given herein.