Transcription of DEFINITIONS: TENDER VALIDITY PERIOD: CONTRACT …
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DEFINITIONS: TENDER VALIDITY PERIOD: CONTRACT …
CONDITIONS OF TENDER VALIDITY PERIOD: The TENDER VALIDITY Period is the period (fromTechnical Bid opening date) within which the Undertaking is required to enter intocontract with the successful tenderer. On expiry of such period, the rates quotedin the TENDER are not binding upon the tenderer, if the tenderer did not agree toextend the VALIDITY PERIOD: The CONTRACT VALIDITY Period will be displayedin each and every CONTRACT and it will be binding on the supplier for the faithfulexecution of CONTRACT as per the contractual terms for the entire ordered quantityincluding 25% quantity.
CONDITIONS OF TENDER 1. DEFINITIONS: 1.1 TENDER VALIDITY PERIOD: The Tender Validity Period is the period (from Technical Bid opening date) within which the Undertaking is required to enter into contract with the successful tenderer.
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