Bid Securing Declaration definition

Bid Securing Declaration. “Bid Securing Declaration” means the declaration provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until completion of the Project and /or termination of the Contract;
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Bid Securing Declaration means a bid securing declaration referred to in section 45 of the Act;
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Bid Securing Declaration means a declaration specified under
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Examples of Bid Securing Declaration in a sentence

  • I/We understand that, according to your conditions, bids must be supported by a Bid Security, which may be in the form of a Bid Securing Declaration.

  • The Bidder shall submit a Bid Securing Declaration or any form of Bid Security in the amount indicated in the BDS, which shall be not less than the percentage of the ABC in accordance with the schedule in the BDS.

  • Thanking you, Yours faithfully, (Name) (Authorized Signatory)(Official-Seal) For and on behalf of M/s Date: Mobile No.: Email Id: Bid Securing Declaration The bid security declaration is deleted in view of recent guideline from the NHIDCL headquarters and in view of restoration of payment of bid security amount.

  • A Bidder may refuse the request without forfeiting its Bid security or causing to be executed its Bid Securing Declaration.

  • The Bids shall be opened one at a time, in case of Single Stage One Envelope Procedure, the Bidders names, the Bid prices, the total amount of each Bid, the presence or absence of Bid Security, Bid Securing Declaration and such other details as the Procuring Agency may consider appropriate, will be announced by the Procurement Evaluation Committee.

  • Bid Securing Declaration as per Rule 170 (iii) of GFR 2017 is required to to be submitted by the enlisted contractors and firm registered with MSME alongwith t-bid as per format given in Appendix ‘A’ given at page No 13 of tender document.

  • The Consultant shall submit a Bid Securing Declaration or any form of Bid Security in an amount stated in the BDS, which shall be not less than the percentage of the ABC in accordance with the following schedule: Form of Bid Securityfinancial instrument.

  • I/We, the undersigned, declare that M/s………..is a Micro and Small Enterprise and the copy of registration certificate issued by NSIC/DIPP for Micro and Small Enterprises (MSE) / Startups which are valid on last date of submission of the tender documents are enclosed.2. I/We understand that, according to your conditions, bids must be supported by a Bid Securing Declaration as per Rule 170 of General Financial Rules (GFRs)2017 by Micro and Small Enterprises (MSEs).OR2A.

  • Opening of Bids and of any alternative Bid (if alternatives have been requested or permitted), any discounts, the presence or absence of Bid Security, Bid Securing Declaration and such other details as the Procuring Agency may consider appropriate, will be announced by the ProcurementEvaluation Committee.

  • No.: Date: Tender ID : ToThe Registrar,National Institute of Technology, Rourkela Sundergarh, Odisha-769008 The undersigned, declare that I/We understand that, according to your conditions, bids must be supported by a Bid Securing Declaration.


More Definitions of Bid Securing Declaration

Bid Securing Declaration means declaration to be submitted along with the Bid by the Bidder in the form as defined in Clause 3.16 of this RFP, in the prescribed Format in Section VI.
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Bid Securing Declaration means the declaration provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until completion of the Project and /or termination of the Contract; “Change in Law” means the occurrence of any of the following after the Base Date: (a) the enactment of any new Indianlaw; (b) the repeal, modification or re-enactment of any existing Indianlaw; (c) the commencement of any Indian law which has not come into effect until the Base Date;or Draft Contract AgreementPage 17 of 146 “Construction of two lane with paved shoulders road from Tamenglong to Mahur (NH-137) in the State of Manipur from km 43.480 near Phelong Village to km 54.180 near Azuram Village (Length- 10.700 km) (Package-4) on EPC mode.” May 2021 (d) a change in the interpretation or application of any Indian law by a judgment of a court of record which has become final, conclusive and binding, as compared to such interpretation or application by a court of record prior to the BaseDate. “Change of Scope” shall have the meaning set forth in Article 13; “Change of Scope Notice” shall have the meaning set forth in Clause 13.2 (i); “ChangeofScopeRequest”shallhavethemeaningsetforthinClause13.2(ii); “Change of Scope Order” shall have the meaning set forth in Clause 13.2 (iv); “Completion Certificate” shall have the meaning set forth in Clause 12.2; “Construction” shall have the meaning set forth in Clause 1.2(f); “Construction Period” means the period commencing from the Appointed Date and ending on the date of the Completion Certificate; “Construction Zone” shall have the meaning set forth in Clause 8.3 (i); “Contract Price” means the amount excluding GST specified in Clause 9.1 (i); “Contractor” shall have the meaning attributed thereto in the array of Parties hereinabove as set forth in the Recitals; “Contractor Default” shall have the meaning set forth in Clause 23.1; “Cure Period” means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall: (a) commence from the date on which a notice is delivered by one Party to the other Party asking the latter to cure the breach or default specified in such notice; (b) not relieve any Party from liability to pay Damages or compensation under the provisions of this Agreement;and (c) not in any way be extended by any period of Suspension under this Agreement; provided that if the cure of any bre...
Sample 1
Bid Securing Declaration means the declaration provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until completion of the Project and /or termination of the Contract; “Change in Law” means the occurrence of any of the following after the Base Date: (a) the enactment of any new Indianlaw; (b) the repeal, modification or re-enactment of any existing Indianlaw; (c) the commencement of any Indian law which has not come into effect until the Base Date;or Draft Contract AgreementPage 17 of 146 “Construction of two lane with paved shoulders road from Tamenglong to Mahur (NH-137) in the State of Manipur from km 43.480 near Phelong Village to km 54.180 near Azuram Village (Length- 10.700 km) (Package-4) on EPC mode.” May 2021 (d) a change in the interpretation or application of any Indian law by a judgment of a court of record which has become final, conclusive and binding, as compared to such interpretation or application by a court of record prior to the BaseDate. “Change of Scope” shall have the meaning set forth in Article 13; “Change of Scope Notice” shall have the meaning set forth in Clause 13.2 (i); “ChangeofScopeRequest”shallhavethemeaningsetforthinClause13.2(ii); “Change of Scope Order” shall have the meaning set forth in Clause 13.2 (iv); “Completion Certificate” shall have the meaning set forth in Clause 12.2; “Construction” shall have the meaning set forth in Clause 1.2(f); “Construction Period” means the period commencing from the Appointed Date and ending on the date of the Completion Certificate; “Construction Zone” shall have the meaning set forth in Clause 8.3 (i); “Contract Price” means the amount excluding GST specified in Clause 9.1 (i); “Contractor” shall have the meaning attributed thereto in the array of Parties hereinabove as set forth in the Recitals; “Contractor Default” shall have the meaning set forth in Clause 23.1; “Cure Period” means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall: (a) commence from the date on which a notice is delivered by one Party to the other Party asking the latter to cure the breach or default specified in such notice; (b) not relieve any Party from liability to pay Damages or compensation under the provisions of this Agreement;and (c) not in any way be extended by any period of Suspension under this Agreement; provided that if the cure of any bre...
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Related to Bid Securing Declaration

  • Permitted Convertible Debt means Indebtedness of the Borrower that is convertible into a fixed number (subject to customary anti-dilution adjustments, “make-whole” increases and other customary changes thereto) of shares of Common Stock (or other securities or property following a merger event or other change of the Common Stock), cash or any combination thereof (with the amount of such cash or such combination determined by reference to the market price of such Common Stock or such other securities); provided that such Indebtedness shall (a) not require any scheduled amortization or otherwise require payment of principal prior to, or have a scheduled maturity date earlier than, one hundred eighty (180) days after the Term Loan Maturity Date, (b) be unsecured, (c) not be guaranteed by any Subsidiary of Borrower, and (d) be on terms and conditions customary for Indebtedness of such type, as determined in good faith by the board of directors of the Borrower or a committee thereof; provided further, that any cross-default or cross-acceleration event of default (each howsoever defined) provision contained therein that relates to indebtedness or other payment obligations of Borrower (or any of its Subsidiaries) (such indebtedness or other payment obligations, a “Cross-Default Reference Obligation”) contains a cure period of at least thirty (30) calendar days (after written notice to the issuer of such Indebtedness by the trustee or to such issuer and such trustee by holders of at least 25% in aggregate principal amount of such Indebtedness then outstanding) before a default, event of default, acceleration or other event or condition under such Cross-Default Reference Obligation results in an event of default under such cross-default or cross-acceleration provision.

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.

  • Permitted Indebtedness means any of the following:

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Unsecured Longer-Term Indebtedness means any Indebtedness of the Borrower that (a) has no amortization or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date (it being understood that (i) the conversion features into Permitted Equity Interests under convertible notes (as well as the triggering of such conversion and/or settlement thereof solely with Permitted Equity Interests) shall not constitute “amortization” for the purposes of this definition and (ii) any mandatory redemption, repurchase or prepayment obligation or put right that is contingent upon the happening of an event that is not certain to occur (including, without limitation, a change of control or bankruptcy) shall not in and of itself be deemed to disqualify such Indebtedness under this clause (a) (notwithstanding the foregoing, in this clause (ii), the Borrower acknowledges that any payment prior to the Termination Date in respect of any such obligation or right shall only be made to the extent permitted by Section 6.12)), (b) is incurred pursuant to terms that are substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as reasonably determined in good faith by Borrower (other than financial covenants and events of default, which shall be no more restrictive upon the Borrower and its Subsidiaries, prior to the Termination Date, than those set forth in this Agreement) (it being understood that put rights or repurchase or redemption obligations arising out of circumstances that would be Events of Default under this Agreement shall not be deemed to be more restrictive for purposes of this definition), and (c) is not secured by any assets of any Person. For the avoidance of doubt, Unsecured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Unsecured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition.