Conditional Bids. Conditional bids shall not be accepted on any ground and shall be rejected straightway. If any clarification is required, the same should be obtained before submission of bids. 19.19
Conditional Bids. Conditional bids shall not be accepted on any ground and shall be rejected straightway. If any clarification is required, the same should be obtained before submission of bids. 3.7. Period of validity of Bid 3.7.1. Prices and other terms offered by Bidders must be firm for an acceptance period as mentioned in “Critical Information” Section, from date of closure of this RfP. 3.7.2. In exceptional circumstances the Bank may solicit the bidder’s consent to extend period of bid validity. The request and response thereto shall be made in writing. The Bid security and price bid (if applicable) provided shall also be extended by the bidder. Any extension of validity of Bids or price (if applicable) will not entitle the Bidder to revise/modify the Bid document. 3.7.3. Bank, however, reserves the right to cancel the process and call for fresh quotes at any time during the period, if considered necessary without assigning any reason. 3.8. Deadline for submission of Bids 3.8.1. The bids must be received by the Bank at the specified address not later than the date & time specified in “Critical Information” section. 3.8.2. In the event of the specified date for the submission of bids, being declared a holiday for the Bank, the bids will be received up to the appointed time on the next working day. 3.8.3. The Bank may, at its discretion, extend the deadline for submission of Bids by amending the Bid Documents, in which case, all rights and obligations of the Bank and Bidders previously subject to the deadline will thereafter be subject to the deadline as extended. 3.8.4. Bank shall not be responsible for non-receipt / non-delivery of the bid documents due to any reason whatsoever. 3.8.5. The Bank has the right to reject any or all bids received without assigning any reason whatsoever. 3.9. Late Bids Any bid received by the Bank after the deadline for submission of bids prescribed by the Bank will be rejected and returned unopened to the bidder. 3.10. Modification And/ Or Withdrawal of Bids 3.10.1. The bidder may modify or withdraw its bid after the bid’s submission, provided that written notice of the modification including substitution or withdrawal of the bids is received by the Bank, prior to the deadline prescribed for submission of bids. 3.10.2. The bidder modification or withdrawal notice shall be prepared, sealed, marked and dispatched. A withdrawal notice may also be sent by e-mail (scanned copy) and followed by a signed confirmation copy received by the Bank no...