Period of Validity of Bids. 4.9.1. 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. 4.9.2. In exceptional circumstances the Bank may solicit the Bidders consent to an extension of the period of validity. The request and response thereto shall be made in writing. Any extension of validity of Bids or price (if applicable) will not entitle the Bidder to revise / modify the Bid document. 4.9.3. Bank, however, reserves the right to call for fresh quotes at any time during the period, if considered necessary. 4.10.
Period of Validity of Bids. Bid shall remain valid for 90 days after the date of bid opening prescribed by HLL. 6.
Period of Validity of Bids. Bids shall remain valid for acceptance by RBI for the period indicated in the Notice Inviting Tender. This period will be further mutually extended, if required. d) The Reserve Bank of India does not bind itself to accept the lowest or any tender and reserves to itself to accept or reject any or all the tenders, either in whole or in part, without assigning any reason for doing so. e) EMD @ 2% of the total contract amount as specified in the tender will be collected from the successful bidder only. The successful bidder needs to submit EMD of 2% of the total contract amount through NEFT/ Net banking only (to A/c No. 186003001, IFSC- RBIS0CGPA01 of Reserve Bank of India, Chandigarh). {Intimate / forward the transaction details to xxxxxxxxxxx@xxx.xxx.xx}. If bidder fails to submit the EMD, tender may be cancelled and the firm may be delisted from further tendering process. EMD should be interest free. f)
Period of Validity of Bids. 7.8.1. Prices and other terms offered by Bidders must be firm for an acceptance period of 180 days from date of closure of this RfP. 7.8.2. In exceptional circumstances the Bank may solicit the Bidders consent to an extension of the period of validity. The request and response thereto shall be made in writing. The Bid security provided shall also be extended. 7.8.3. Bank, however, reserves the right to call for fresh quotes at any time during the period, if considered necessary. 7.9.