Examples of Bid Security in a sentence
Until such time the Performance Security is provided by the Concessionaire pursuant hereto and the same comes into effect, the Bid Security shall remain in force and effect, and upon such provision of the Performance Security pursuant hereto, the Authority shall release the Bid Security to the Concessionaire.
Certificate (where applicable) • Bid Security (Estimated price as mentioned in tender documents, indicating the number, date and Bank (Copy must be attached with the technical bid).
The bidder will submit 2% Bid Security of estimated cost of each item as mentioned in Tender Documents, in theform of BankDraft/BankGuarantee/Call Deposit Receipt (CDR) from any scheduled bank.
Bid Security of other Bidders will be returned within 5 days of the Bid opening.
The Bid Security of the accepted Bidder will be retained until he has executed the Agreement and has furnished the required Contract Security.