Acceptance of Tender definition

Acceptance of Tender means the letter or memorandum communicating to the supplier the acceptance of his offer (Tender) and shall include advance acceptance of his offer i.e. Letter of Intent or Rate Contract.

Acceptance of Tender means the letter of memorandum communicating to the Contractor the acceptance of his tender and includes an advance acceptance of his tender;

Acceptance of Tender means the letter communicating for opening of Financial Bid.

Examples of Acceptance of Tender in a sentence

• The Earnest Money deposited by successful tenderer shall be forfeited if the Contractor fails to furnish the requisite Contract Performance Security as per clause 24 hereof and / or fails to start work within a period of 15 days or fails to execute the AGREEMENT within 15 days of the receipt by him of the Notification of Acceptance of Tender.

• Until the formal final Contract is prepared and executed between us, this tender together with your written acceptance of the tender and your Acceptance of Tender, shall constitute a binding Contract between us.

• The successful bidder shall be required to execute an AGREEMENT in the proforma given in of this standard bidding document on non-judicial paper of appropriate value (the cost of stamp paper shall be borne by the Contractor), within 15 days of the receipt by him of the Notification of Acceptance of Tender.

• The Work is to be completed within the Period as indicated in aforesaidAPPENDIX 'A' in accordance with the Phasing, if any, indicated in the Tender from the Date of Handing Over Site, which will be on or about TWO WEEKS after the Date of Acceptance of Tender.

• The successful tenderer shall furnish the security deposit to the Purchaser within 15 days from the date of communication of Acceptance of Tender for an amount of 5% of the contract value, valid up to 60 days after the date of expiry of medicine and enter into Contract Agreement on Rs. 100/- non-judicial stamp paper.

More Definitions of Acceptance of Tender

Acceptance of Tender means the letter or memorandum from the Corporation communicating to the tenderer the acceptance of his tender.

Acceptance of Tender means the Acceptance of Tender issued by the OWNER to the CONTRACTOR, and shall include a letter, telegram or fax of acceptance or other notification of award of work, and a detailed Letter of Acceptance.

Acceptance of Tender means electronically or through the letter of memorandum communicating to the Tenderers, the acceptance of his Tender.

Acceptance of Tender means the letter/telex/telegram/ fax or any memorandum communicating to the Tenderer the acceptance of his tender and includes an advance acceptance of his tender.

Acceptance of Tender means the Acceptance of Tender conveyed by BPCL to the Tenderer.

Acceptance of Tender means the letter or memorandum communicating to the Contractor the acceptance of his tender.

Acceptance of Tender means the Acceptance of Tender issued by the Owner of the Tender”