Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.
Bid Deposit means the form of security required by the terms and conditions of Bid Solicitations to guarantee that the successful Supplier enters into a Contract with the Corporation, as required by Section 26 of this By-law;
Bid Deposit means currencies, certified cheques, bid bond issued by a surety company licensed to operate by the Government of Canada or the Province of Ontario or another form of negotiable instrument acceptable to the City to compensate the City if the successful bidder does not enter into a contract.
Examples of Bid Deposit in a sentence
The Bidder accepts that the quantities stated are estimates only and will not hold the City bound to said number.c) The City reserves the right to modify the estimates, or remove them in their entirety, whichever is in the best interests of the City.C-3) Bid Bonds:a) When specifically requested by the City, the Bidder shall provide a Bid Bond / Bid Deposit of 10% of the full Contract price.
A Bid Deposit of five percent (5%) will be required if your response is $25,000 or above.• Payment Bond - A deposit, pledge, or contract of guaranty supplied by a contractor to protect the State against loss due to the Contractor’s failure to pay subcontractors and material suppliers.
More Definitions of Bid Deposit
Bid Deposit means a financial guarantee to ensure that the Successful Bidder will enter into an agreement.
Bid Deposit means the form of security required by the terms and conditions of Bid Solicitations to guarantee that the successful Supplier enters into a Contract with the Corporation.
Bid Deposit means currencies, certified cheques, bond surety issued by a surety company or other form of negotiable instrument to ensure the successful bidder will enter into an agreement;
Bid Deposit means bank drafts, certified cheques, money orders, or bond surety issued by a surety company or other form of negotiable instrument to ensure the Successful Bidder will enter into a contract;
Bid Deposit. - means currency, certified cheque, bank draft, bond surety issued by a surety company or other form of negotiable instrument submitted by a bidder as evidence of their commitment to do the work outlined in the Request for Quote or Tender.
Bid Deposit means currency, certified cheque, bank draft, bond surety issued by a surety company, Irrevocable Letter of Credit, or other form of negotiable instrument submitted by a Bidder as evidence of their commitment to enter into an Agreement to do the work outlined in the Bid Solicitation;
Bid Deposit means certified cheques, bond surety issued by a surety company or other form of negotiable instrument to ensure the successful bidder will enter into a contract;