Bid Security definition
Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;
Bid Security. (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.
Bid Security means the bank guarantee or other form of security submitted by a bidder together with a bid to secure the obligations of the bidder participating in a bidding proceedings
Examples of Bid Security in a sentence
Bid Bonds should be furnished on forms accepted as standard by the insurance industry, but shall be substantially in accordance with the Bid Security Form attached hereto.
More Definitions of Bid Security
Bid Security means the security provided by the Concessionaire to the Authority along with the Bid, in accordance with the Request for Proposals, and which is to remain in force until substituted by the Performance 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 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 RFP documents to DMRC.
Bid Security means bid security as referred to in Clause 15.
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 the refundable amount to be submitted by the Bidder along with Tender Documents to DMRC as a security against the earnestness of bid.