Common use of FRAUD AND CORRUPT PRACTICES Clause in Contracts

FRAUD AND CORRUPT PRACTICES. 19.1 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 document, the 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 process. In such an event, the Employer shall, without prejudice to its any other rights or remedies, forfeit the EMD or Performance Security, towards damages payable to the Employer for, inter alias, time, cost and effort of the Employer, in regard to the tender, including consideration and evaluation of such Bidder’s Proposal.

FRAUD AND CORRUPT PRACTICES. 19.1 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 documentTender, the Employer 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 processSelection Process. In such an event, the Employer Owner shall, without prejudice to its any other rights or remedies, forfeit appropriate the EMD Bid Security or Performance Security, towards damages payable to the Employer Owner for, inter aliasalia, time, cost and effort of the EmployerOwner, in regard to the tenderTender, including consideration and evaluation of such Bidder’s ProposalBid.