Bid Security definition

Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

Bid Security. (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.

Bid Security means the bank guarantee or other form of security submitted by a bidder together with a bid to secure the obligations of the bidder participating in a bidding proceedings

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.

More Definitions of Bid Security

Bid Security means the refundable amount to be submitted by the Bidder along with Tender Documents to DMRC as a security against the earnestness of bid.

Bid Security. (i.e. Earnest Money Deposit) means monetary guarantee to be furnished by a Bidder along with its Bid.

Bid Security means the bank guarantee or CDR submitted by a Bidder together with a bid to secure the obligations of the Bidder participating in a bidding proceedings

Bid Security means the bid security provided by the Contractor to the Bilaspur Smart City Limited in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

Bid Security means the unconditional and irrevocable bank guarantee to be submitted along with the Bid at the RFP stage. The details will be provided to the qualified bidders at the RFP stage.

Bid Security means bid security as referred to in Clause 15.

Bid Security means the bid security to be given by the Bidders, as detailed in Clause 14 of the ITB.