Common use of Tender Security Clause in Contracts

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender. 2.12.2 The tender security shall be Ksh 50,000 of the tender price. 2.12.3 The tender security is required to protect TCG against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.8 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 will be rejected by TCG as non-responsive, pursuant to paragraph 2.20 2.12.6 Unsuccessful tenderer’s security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentity 2.12.7 The successful tenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security may be forfeited: a) If the tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; or b) In the case of a successful tenderer, if the tenderer fails: i. to sign the contract in accordance with paragraph 30 ii. to furnish performance security in accordance with paragraph 31. c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation Appendix to tenderInstructions to Tenderers. 2.12.2 The tender security shall be Ksh 50,000 not exceed 2 per cent of the tender price. 2.12.3 The tender security is required to protect TCG the NEPAD/APRM Kenya Secretariat against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency currency, and shall be in the form of:form a) A bank guaranteeCash. b) CashA bank guarantees. c) Such insurance guarantee approved by the Authority. d) Letter of creditAgency. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 2.12.1. and 2.12.4 will 2.12.3 shall be rejected by TCG the NEPAD/APRM Kenya Secretariat as non-non- responsive, pursuant to paragraph 2.202.20.5 2.12.6 Unsuccessful tendererTenderer’s tender security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityvalidity 2.12.7 The successful tendererTenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; orvalidity. (b) In in the case of a successful tenderer, tenderer if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 302.29 or (ii. ) to furnish performance security in accordance with paragraph 312.30. c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation Appendix to tenderInstructions to Tenderers. 2.12.2 The tender security shall be Ksh 50,000 of the tender price.is N/A 2.12.3 The tender security is required to protect TCG KoTDA against the risk of ▇▇▇▇▇▇▇▇’s 's conduct which would warrant the security’s 's forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency currency, and shall be in the form of:: - a) A bank guaranteeCash. b) CashA bank guarantees. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 2.12.1. and 2.12.4 will 2.12.3 shall be rejected by TCG KoTDA as non-responsive, pursuant to paragraph 2.202.20.5 2.12.6 Unsuccessful tenderer’s Tenderer's tender security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityvalidity 2.12.7 The successful tenderer’s Tenderer's tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; orvalidity. (b) In in the case of a successful tenderer, if the tenderer fails: i. to (i) To sign the contract in accordance with paragraph 302.29 or (ii. to ) To furnish performance security in accordance with paragraph 312.30. (c) If the tenderer rejects, rejects correction of an arithmetic error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender. 2.12.2 The tender security shall be Ksh 50,000 in the amount not exceeding 2 per cent of the tender price. 2.12.3 The tender security is required to protect TCG the Procuring entity against the risk of ▇▇▇▇▇▇▇▇’s Tenderers conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 The tender security shall be denominated in a Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 2.12.3 will be rejected by TCG the Procuring entity as non-responsive, pursuant to paragraph 2.20 2.12.6 Unsuccessful tenderer’s tenderers security will be discharged or returned as promptly as possible as but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityprocuring entity. 2.12.7 The successful tenderer’s tenderers tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.292.26, and furnishing the performance security, pursuant to paragraph 2.302.37. 2.12.8 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG the procuring Entity on the Tender Form; or (b) In the case of a successful tenderer, if the tenderer fails: i. to (i) To sign the contract in accordance with paragraph 302.26. (ii. to ) To furnish performance security in accordance with paragraph 312.27. (c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation Appendix to tenderInstructions to Tenderers. 2.12.2 The tender security shall be Ksh 50,000 not exceed 2 per cent of the tender price. 2.12.3 The tender security is required to protect TCG the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency currency, and shall be in the form of:form a) Cash. b) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 2.12.1. and 2.12.4 will 2.12.3 shall be rejected by TCG the Procuring entity as non-responsive, pursuant to paragraph 2.202.20.5 2.12.6 Unsuccessful tendererTenderer’s tender security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityvalidity 2.12.7 The successful tendererTenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; orvalidity. (b) In in the case of a successful tenderer, if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 302.29 or (ii. to ) To furnish performance security in accordance with paragraph 312.30. (c) If the tenderer rejects, reject correction of an arithmetic error in the tender.

Tender Security. 2.12.1 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender. 2.12.2 2.14.2 The tender security shall be Ksh 50,000 in the amount not exceeding 2 per cent of the tender price. 2.12.3 2.14.3 The tender security is required to protect TCG the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 2.14.4 The tender security shall be denominated in a Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 2.14.5 Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 2.12.3 will be rejected by TCG the Procuring entity as non-responsive, pursuant to paragraph 2.20 2.12.6 2.14.6 Unsuccessful tenderer’s security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityprocuring entity. 2.12.7 2.14.7 The successful tenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 2.14.8 The tender security may be forfeited: a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG the procuring entity on the Tender Form; or b) In the case of a successful tenderer, if the tenderer fails: i. i) to sign the contract in accordance with paragraph 30 30 or ii. ) to furnish performance security in accordance with paragraph 31. c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 2.14.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Appendix to Invitation to tenderTenderers. 2.12.2 The tender security shall be Ksh 50,000 of the tender price. 2.12.3 2.14.2 The tender security is required to protect TCG NCA against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.14.7 2.12.4 2.14.3 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency currency, and shall be in the form of: aof a bank guarantee or a bank draft issued by a reputable bank located in Kenya or abroad, or a guarantee issued by a reputable insurance company in the form provided in the tender documents or another form acceptable to NCA and valid for thirty (30) A bank guaranteedays beyond the validity of the tender. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 2.14.4 Any tender not secured in accordance with paragraph 2.12.1 2.14.1 and 2.12.4 2.14.3 will be rejected by TCG NCA as non-responsive, pursuant to paragraph 2.202.22 2.12.6 2.14.5 Unsuccessful tendererTenderer’s tender security will be discharged or returned as promptly as possible as but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityNCA. 2.12.7 2.14.6 The successful tendererTenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, 2.27 and furnishing the performance security, pursuant to paragraph 2.30.2.28 2.12.8 2.14.7 The tender security may be forfeited: (a) If the if a tenderer withdraws its tender during the period of tender validity specified by TCG NCA on the Tender Form; or (b) In in the case of a successful tenderer, if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 302.27 or (ii. ) to furnish performance security in accordance with paragraph 31. c) If the tenderer rejects, correction of an error in the tender.2.28

Tender Security. 2.12.1 2.12.1. The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender.of Kshs 50,000 2.12.2 2.12.2. The tender security shall be Ksh 50,000 in the form of a Guarantee issued by a Bank or Insurance Company accepted by NAIVAWASCO 2.12.3. The tender security shall be in the amount not exceeding 2 per cent of the tender price. 2.12.3 2.12.4. The tender security is required to protect TCG the Procuring entity against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 2.12.5. The tender security shall be denominated in a Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guaranteeguarantees. b) Cash. c) Such insurance guarantee approved by the AuthorityNAIVAWASCO. d) Letter of credit. 2.12.5 2.12.6. Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 2.12.3 will be rejected by TCG the Procuring entity as non-responsive, pursuant to paragraph 2.20 2.12.6 2.12.7. Unsuccessful tenderer’s security will be discharged or returned as promptly as possible as but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityprocuring entity. 2.12.7 2.12.8. The successful tenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.292.26, and furnishing the performance security, pursuant to paragraph 2.302.27. 2.12.8 2.12.9. The tender security may be forfeited: a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG the procuring entity on the Tender Form; or b) In the case of a successful tenderer, if the tenderer fails: i. i). to sign the contract in accordance with paragraph 30 30 or ii). to furnish performance security in accordance with paragraph 31. c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation Appendix to tenderInstructions to Tenderers. 2.12.2 The tender security shall be Ksh 50,000 not exceed 2 per cent of the tender price. 2.12.3 The tender security is required to protect TCG the Procuring Entity against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency currency, and shall be in the form of:form a) Cash. b) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 2.12.4.1 Any tender not secured in accordance with paragraph 2.12.1 2.12.1. and 2.12.4 will 2.12.3 shall be rejected by TCG the procuring entity as non-responsive, pursuant to paragraph 2.202.20.5 2.12.6 2.12.4.2 Unsuccessful tendererTenderer’s tender security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityvalidity 2.12.7 2.12.4.3 The successful tendererTenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 2.12.5 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; orvalidity. (b) In the case of a successful tenderer, if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 302.29 or (ii. ) to furnish performance security in accordance with paragraph 312.30. (c) If the tenderer rejects, reject correction of an arithmetic error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender. 2.12.2 The tender security shall be Ksh 50,000 in the amount not exceeding 2 per cent of the tender price. 2.12.3 2.12.2 The tender security is required to protect TCG TSC against the risk of ▇▇▇▇▇▇▇▇’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.12.7 2.12.4 2.12.3 The tender security shall be denominated in a Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. dc) Letter of credit. 2.12.5 2.12.4 Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 2.12.3 will be rejected by TCG TSC as non-non responsive, pursuant to paragraph 2.20 2.12.6 2.12.5 Unsuccessful tenderer’s security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityprocuring entity. 2.12.7 2.12.6 The successful tenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 2.12.7 The tender security may be forfeited: (a) If the a tenderer withdraws its tender during the period of tender validity specified by TCG the procuring entity on the Tender Form; or (b) In the case of a successful tenderer, if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 30 (ii. ) to furnish performance security in accordance with paragraph 31. (c) If the tenderer rejects, rejects correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tendersecurity. 2.12.2 The tender security shall be Ksh 50,000 an amount of the tender priceKenya Shillings Fifty Thousand (Kshs. 50,000.00). 2.12.3 The tender security Tender Security is required to protect TCG PCK against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.82.14.8 2.12.4 The tender security Tender Security shall be denominated in Kenya Shillings or in another freely convertible currency Shillings, and shall be in the form of: a) A of a bank guarantee. b) Cash. c) Such insurance guarantee issued by a reputable bank located in Kenya, or such Insurance Guarantee approved by the Authority. dAuthority in the form provided in the tender documents and valid for thirty (30) Letter days beyond the validity of creditthe tender. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 2.14.1 and 2.12.4 2.14.3 will be rejected by TCG PCK as non-responsive, pursuant to paragraph 2.202.22 2.12.6 Unsuccessful tenderer’s security Tender Security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentityPCK. 2.12.7 The successful tenderer’s tender security Tender Security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, 2.29 and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security Tender Security may be forfeited: (a) If the a tenderer withdraws its the tender during after the deadline for submitting tenders but before the expiry of the period of tender validity specified by TCG on the Tender Form; orduring which tenders shall remain valid; (b) In the case of a successful tenderer, if the tenderer fails: i. (i) to sign the contract in accordance with paragraph 302.29 or (ii. ) to furnish performance security in accordance with paragraph 31.2.30 (c) If the tenderer rejects, correction of an error in the tender.

Tender Security. 2.12.1 The tenderer shall furnish, as part of its tender, a tender security for the amount and form specified in the Invitation to tender. 2.12.2 The tender security shall be Ksh 50,000 in the amount not exceeding 2% of the tender price. 2.12.3 The tender security is required to protect TCG against the risk of ▇▇▇▇▇▇▇▇Tenderer’s conduct which would warrant the security’s forfeiture, pursuant to paragraph 2.12.8 2.12.4 The tender security shall be denominated in Kenya Shillings or in another freely convertible currency and shall be in the form of: a) A bank guarantee. b) Cash. c) Such insurance guarantee approved by the Authority. d) Letter of credit. 2.12.5 Any tender not secured in accordance with paragraph 2.12.1 and 2.12.4 will be rejected by TCG as non-responsive, pursuant to paragraph 2.20 2.12.6 Unsuccessful tenderer’s security will be discharged or returned as promptly as possible but not later than thirty (30) days after the expiration of the period of tender validity prescribed by the procuringentity 2.12.7 The successful tenderer’s tender security will be discharged upon the tenderer signing the contract, pursuant to paragraph 2.29, and furnishing the performance security, pursuant to paragraph 2.30. 2.12.8 The tender security may be forfeited: a) If the tenderer withdraws its tender during the period of tender validity specified by TCG on the Tender Form; or b) In the case of a successful tenderer, if the tenderer fails: i. to sign the contract in accordance with paragraph 30 ii. to furnish performance security in accordance with paragraph 31. c) If the tenderer rejects, correction of an error in the tender.