Common use of FRAUD AND CORRUPT PRACTICES Clause in Contracts

FRAUD AND CORRUPT PRACTICES. 20.1 The Bidders and their respective officers, employees, agents and advisers shall observe the highest standard of ethics during the Selection Process. Notwithstanding anything to the contrary contained in this Tender, the Owner shall reject a Bid without being liable in any manner whatsoever to the Bidder, if it determines that the Bidder has, directly or indirectly or through an agent, engaged in corrupt practice, fraudulent practice, coercive practice, undesirable practice or restrictive practice (collectively the “Prohibited Practices”) in the Selection Process. In such an event, the Owner shall, without prejudice to its any other rights or remedies, appropriate the Bid Security or Performance Security, towards damages payable to the Owner for, inter alia, time, cost and effort of the Owner, in regard to the Tender, including consideration and evaluation of such Bid.

FRAUD AND CORRUPT PRACTICES. 20.1 The Bidders and their respective officers, employees, agents and advisers shall observe the highest standard of ethics during the Selection Processselection process. Notwithstanding anything to the contrary contained in this Tender, the Owner Employer shall reject a Bid without being liable in any manner whatsoever to the Bidder, if it determines that the Bidder has, directly or indirectly or through an agent, engaged in corrupt practice, fraudulent practice, coercive practice, undesirable practice or restrictive practice (collectively the “Prohibited Practices”) in the Selection Processselection process. In such an event, the Owner Employer shall, without prejudice to its any other rights or remedies, appropriate forfeit the Bid Security EMD or Performance Security, towards damages payable to the Owner Employer for, inter aliaalias, time, cost and effort of the OwnerEmployer, in regard to the TenderTender for Consultancy, including consideration and evaluation of such BidBidder’s Proposal.

FRAUD AND CORRUPT PRACTICES. 20.1 The Bidders and their respective officers, employees, agents and advisers shall observe the highest standard of ethics during the Selection Processselection process. Notwithstanding anything to the contrary contained in this Tendertender document, the Owner Employer shall reject a Bid without being liable in any manner whatsoever to the Bidder, if it determines that the Bidder has, directly or indirectly or through an agent, engaged in corrupt practice, fraudulent practice, coercive practice, undesirable practice or restrictive practice (collectively the “Prohibited Practices”) in the Selection Processselection process. In such an event, the Owner Employer shall, without prejudice to its any other rights or remedies, appropriate forfeit the Bid Security EMD or Performance Security, towards damages payable to the Owner Employer for, inter aliaalias, time, cost and effort of the OwnerEmployer, in regard to the Tendertender, including consideration and evaluation of such BidBidder’s Proposal.