Tender Security means the security required to be submitted by each Tenderer with their Tender Offer;
Tender Security means a security provided to the procuring entity to secure the fulfilment of any obligation referred to in article 32 (1) (f) and includes such arrangements as bank guarantees, surety bonds, stand-by letters of credit, cheques on which a bank is primarily liable, cash deposits, promissory notes and bills of exchange;
Examples of Tender Security in a sentence
Cost of Tendering The price to be charged for the tender document shall be free of charge Language of Tenders English Language Tender Currencies Prices shall be quoted in Kenya Shillings Tender Security N/A Validity of Tenders 120 days after date of tender closing Sealing and Marking of Tenders The tenderer shall seal the original and the copy of the tender in separate envelopes, duly marking the envelopes as “ORIGINAL TENDER” and “COPY OF TENDER”.
More Definitions of Tender Security
Tender Security means the form of security required to be submitted by each Tenderer with their Tender Offer as detailed in the Tender Particulars and these Instructions to Tenderers;
Tender Security means a guarantee required from tenderers by the procuring entity and provided to the procuring entity to secure the fulfillment of any obligation in the tender process and includes such arrangements as bank or insurance guarantees, surety bonds, standby letters of credit, cheques for which a bank is primarily liable, cash deposits, promissory notes and bills of exchange tender securing declaration, or other guarantees from institutions as may be prescribed;
Tender Security means a security required from suppliers or contractors by a procuring entity and provided to a procuring entity to secure the fulfilment of an obligation and includes such arrangements as bank guarantees, indemnities, surety bonds, standby letters of credit, cheques for which a bank is primarily liable, cash deposits, promissory notes, bills of exchange and other like instruments;
Tender Security means securing the fulfilment of the tenderer’s obligations to the contracting authority resulting from the submission of the tender, which takes the form of a guarantee;
Tender Security has the meaning set forth in Section 10.3 hereof.
Tender Security means the commitment instrument required to ensure that a tender remains valid during the period stated in the tendering document;
Tender Security means security provided to the procurement entity to secure the fulfillment of an obligation under this Act and includes arrangements such as bank guarantees, surety bonds, stand-by letters of credit, cheques on which a bank is primarily liable, cash deposits and bills of exchange;