Tender Validity Period Clause Samples
The Tender Validity Period clause defines the length of time during which a bidder’s offer remains open and binding after submission. Typically, this period is specified in the tender documents and may range from several weeks to a few months, during which the bidder cannot withdraw or alter their proposal. This clause ensures that the procuring entity has sufficient time to evaluate all bids and make an award decision without the risk of offers expiring or being revoked, thereby maintaining fairness and stability in the procurement process.
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Tender Validity Period. Our Tender shall be valid for the period specified in TDS 17.1 (as amended, if applicable) from the date fixed for the Tender submission deadline specified in TDS 21.1 (as amended, if applicable), and it shall remain binding upon us and may be accepted at any time before the expiration of that period;
Tender Validity Period. The Tender shall remain valid for a period of sixty (60) calendar days from the expiration of the date of closing of Tenders.
Tender Validity Period. Tender validity period is no less than 120 days from the day of expiration of the tender submission deadline. The Contracting Authority can, in case of need, ask the Tenderer to extend the Tender validity period as well as validity period of the Tender Security.
Tender Validity Period. You should consider how long your evaluation and approvals processes will take following tender submission and insert an appropriate tender validity period which extends past the target contract award date to ensure tenders remain valid for as long as is necessary; Contract Term - Suppliers should be provided with an overview of the length of the Call-Off Initial Period (which can be up to a maximum of 7 years) and the optional extension period(s) (which should take the total Contract Period inclusive of the Call- Off Initial Period and Mobilisation Period to no longer than 10 years). You should also clearly indicate the Start Date of the Services (the beginning of the Call-Off Initial Period) and the timescales for mobilisation of the contract (which should occur before the Start Date of the services but still forming part of the Contract Period following the Effective Date); Contract Execution - In order to ensure that the contract award process is expedited efficiently, you should specify the maximum number of days the Supplier will have to sign (execute) the contract. You should also clearly specify both in this section and within the Procurement Timetable if you intend to include a 10 day Standstill Period; and Call-Off Contract - You should provide an overview of the full list of Schedules that will form your Call-Off Contract. The list should indicate which of the optional Schedules you have selected for inclusion and any additional Schedules and Special Terms you have added.
Tender Validity Period. Four (4) months commencing from the closing date of tender.
Tender Validity Period. Our Tender shall be valid for the period 156 days from the date fixed for the Tender submission deadline specified in TDS 21.1 (as amended, if applicable), and it shall remain binding upon us and may be accepted at any time before the expiration of that period;
Tender Validity Period. Our Tender shall be valid for the period specified in TDS
Tender Validity Period. Our Tender shall be valid for the period specified in TDS 17.1 (as amended, if applicable) from the date fixed for the Tender submission deadline specified in TDS 21.1 (as amended, if applicable), and it shall remain binding upon us and may be accepted at any time beforethe expiration of that period;
i) One Tender per tenderer: We are not submitting any other Tender(s) as an individual tenderer, and we are not participating in any other Tender(s) as a Joint Venture member, or as a subcontractor, and meet the requirements of ITT 3.9, other than alternative Tenders submitted in accordance with ITT 12;
Tender Validity Period. To allow sufficient time for tender assessment, a tender Validity period of 12 months is required, this period commencing on the closing date by which the Tenders are to be returned.
Tender Validity Period. 3.2.6.1 All Tenders will remain open for acceptance by the Council for a period of not less than three months after the Closing Date.
3.2.6.2 Once submitted, a Tenderer cannot withdraw its Tender without the prior written consent of the Council, unless the Tender is withdrawn in writing before the Closing Date.