Tender Security. 18.1 The Tenderer shall furnish as part of its Tender, either a Tender-Securing Declaration or a Tender Security, as specified in the TDS, in original form and, in the case of a Tender Security, in the amount and currency specified in the TDS.
Tender Security. 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers.
Tender Security a. The Tenderer shall furnish the Tender Security as under:
Tender Security. The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. The tender security shall be in the amount of 0.5 – 2 per cent of the tender price.
Tender Security. The Tenderer shall furnish as part of its Tender, either a Tender-Securing Declaration or a Tender Security, as specified in the TDS, in original form and, in the case of a Tender Security, in the amount and currency specified in the TDS. A Tender Securing Declaration shall use the form included in Section IV, Tendering Forms. If a Tender Security is specified pursuant to ITT 18.1, the Tender Security shall be a demand guarantee in any of the following forms at the Tenderer option: cash; a bank guarantee; a guarantee by an insurance company registered and licensed by the Insurance Regulatory Authority listed by the Authority; or a letter of credit; or guarantee by a deposit taking micro-finance institution, Xxxxx society, the Youth Enterprise Development Fund or the Women Enterprise Fund. If an unconditional guarantee is issued by a non-Bank financial institution located outside Kenya, the issuing non-Bank financial institution shall have a correspondent financial institution located in Kenya to make it enforceable unless the Procuring Entity has agreed in writing, prior to Tender submission, that a correspondent financial institution is not required. In the case of a bank guarantee, the Tender Security shall be submitted either using the Tender Security Form included in Section IV, Tendering Forms, or in another substantially similar format approved by the Procuring Entity prior to Tender submission. The Tender Security shall be valid for thirty (30) days beyond the original validity period of the Tender, or beyond any period of extension if requested under ITT 17.2. If a Tender Security is specified pursuant to ITT 18.1, any Tender not accompanied by a substantially responsive Tender Security shall be rejected by the Procuring Entity as non-responsive. If a Tender Security is specified pursuant to ITT 18.1, the Tender Security of unsuccessful Tenderers shall be returned as promptly as possible upon the successful Tenderer signing the Contract and furnishing the Performance Security pursuant to ITT 46.The Procuring Entity shall also promptly return the tender security to the tenderers where the procurement proceedings are terminated, all tenders were determined non-responsive or a bidder declines to extend tender validity period. The Tender Security of the successful Tenderer shall be returned as promptly as possible once the successful Tenderer has signed the Contract and furnished the required Performance Security. The Tender Security may be forfeited or the Tend...
Tender Security. 3.17.1 The Tenderer shall furnish, as part of its Tender, a tender security for the amount specified in the Appendix to Instructions to Tenderers.
Tender Security. 5.1.4 Bids must be accompanied by a Tender Security/Bid Bond equal to Kshs. 200,000 (Kenya shillings Two Hundred Thousand only) and must be in the form of a bank guarantee or Insurance guarantee from Insurance companies approved by PPRA.
Tender Security. 18.1 The Tenderer shall furnish as part of its Tender, a Tender Security of Kshs. 200,000.00, as specified in the TDS, in original form and, in the case of a Tender Security, in the amount and currency specified in the TDS.
Tender Security. The Undersigned encloses herewith as a deposit, a bid bond or a certified cheque payable to the TOWN OF PEACE RIVER of the Province of Alberta for ten percent (10%) of the Tender Bid Amount. The undersigned hereby agrees that if, within twenty-one (21) days after the Contract is presented to him for signature, hand delivered or sent by registered mail or courier addressed to him at the address stated in the tender, the undersigned refused or fails:
Tender Security. The tenderer shall furnish, as part of its tender, a tender security for the amount specified in the Appendix to Invitation to Tenderers. The tender security shall be in the amount of ………………..
