Proposal Security definition

Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.

Proposal Security means the proposal bond or letter of credit as described in Section 3.3 of Exhibit B to the ITP.

Proposal Security means a certified check in the amount of $10 million payable to IFA or the proposal bond as described in Section 3 of Exhibit C to the ITP.

Examples of Proposal Security in a sentence

• Failure of the successful Proposer to comply with the requirement of RFP Clause 35 and this provision shall constitute sufficient grounds for the annulment of the award, and forfeiture of the Proposal Security if any, and on which event, UNDP may award the Contract to the Proposer with the second highest rated Proposal, or call for new Proposals.

• Within fifteen (15) days from the date of receipt of the Contract, the successful Proposer shall sign and date the Contract and return it to UNDP.Failure of the successful Proposer to comply with the requirement of RFP Clause 35 and this provision shall constitute sufficient grounds for the annulment of the award, and forfeiture of the Proposal Security if any, and on which event, UNDP may award the Contract to the Proposer with the second highest rated Proposal, or call for new Proposals.

• Proposers are required to complete, sign and submit the following documents: 9.1 Proposal Submission Cover Letter Form (see RFP Section 4);9.2 Documents Establishing the Eligibility and Qualifications of the Proposer (see RFP Section 5);9.3 Technical Proposal (see prescribed form in RFP Section 6);9.4 Financial Proposal (see prescribed form in RFP Section 7);9.5 Proposal Security, if applicable (if required and as stated in the Data Sheet (DS nos.

• Where a Proposal Security is required, the Proposal Security shall be submitted in original and included along with the Technical Proposal, in the manner and for the amount indicated in the PIS.

• A Service provider may refuse the request without forfeiting the Proposal Security.

More Definitions of Proposal Security

Proposal Security means either a Proposal Bond or a Proposal Letter of Credit.

Proposal Security means the proposal bond as described in Section 3.3 of Exhibit C-2 to the ITP.

Proposal Security means the security provided by the Selected Bidder to the Authority along with the Bid / Proposal in the sum of INR ………….. (Rupees crore) in accordance with the Instructions to Bidders (ITB) and which is to remain in force until substituted by the Construction Performance Security.

Proposal Security means bid security

Proposal Security bears the meaning ascribed thereto in the Power Purchase Agreement;

Proposal Security means the Proposal Bond or the Proposal Letter(s) of Credit, as applicable.

Proposal Security or "Bid Security" means the unconditional bank guarantee in the amount at the rate of USD 5000 (five thousand) per MW or equivalent BDT issued by a scheduled bank in Bangladesh delivered to BPDB to secure (a) the obligations of the Bidder to maintain its Proposal in effect until the issue of the Letter of Intent and (b) thereafter, the obligations of the Company to furnish Performance Security Deposit and execute and deliver