Examples of Bid Security in a sentence

Any bid not accompanied by an acceptable Bid Security shall be rejected by the Employer as non-responsive.
The bid securities of unsuccessful bidders will be returned upon award of contract to the successful bidder or on the expiry of validity of Bid Security whichever is earlier.
Bid Security issued as security for the bid shall valid for 45 days beyond the initial validity of the bid.
Any bid not accompanied by an acceptable Bid Security and not secured as indicated in Sub-Clause 11.1 and Sub Clause 11.2 above shall be rejected by the Director of Fisheries, Assam, Guwahati as non-responsive.
The Bid Security of the successful bidder will be returned when the bidder has furnished the required Performance Security and signed the Contract Agreement.

More Definitions of Bid Security

Bid Security. (i.e. Earnest Money Deposit) means monetary guarantee to be furnished by a Bidder along with its Bid.

Bid Security means the bid security provided by the Contractor to the Bilaspur Smart City Limited in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

Bid Security means the bank guarantee or CDR submitted by a Bidder together with a bid to secure the obligations of the Bidder participating in a bidding proceedings

Bid Security means the refundable amount to be submitted by the Bidder along with Tender Documents to DMRC as a security against the earnestness of bid.

Bid Security means the unconditional and irrevocable bank guarantee to be submitted along with the Bid at the RFP stage. The details will be provided to the qualified bidders at the RFP stage.

Bid Security means bid security as referred to in Clause 15.