Bid Security Declaration definition

Bid Security Declaration means the declaration to be submitted along with the Technical Bid by the Bidder in lieu of the Bid Bond, as per the format prescribed in Annexure 14A [only applicable for projects for which RFP has been issued before 31.12.2021];
View Source
Bid Security Declaration means the declaration to be submitted along with the Technical Bid by the Bidder in lieu of the Bid Bond, as per the format prescribed in Annexure 14A;
View Source
Bid Security Declaration means Bid Security Declaration (To be stamped on non – judicial stamp paper of Rs.500 of the state where the document is made) to be submitted by the Bidder along with the Bid as per FORMAT 4: FORMAT FOR BID SECURITY DECLARATION.
View Source

Examples of Bid Security Declaration in a sentence

  • Bid Security Declaration is placed at Enclosure 2 to this GeM bid.

  • A Bid Security Declaration on company/ firm letter head duly signed by the authorised signatory as per format given at Appendix B is to be submitted by MSEs in scanned form.

  • The firm is to submit Bid Security Declaration in a format as placed at Appendix ‘D’ and further needs to clearly indicate the same at Qualification Criteria (Appendix ‘B’) serial 8 of ATC.

  • The firm will submit Bid Security Declaration in accordance with Rule 170(iii) of GFR 2017.

  • Format of Bid Security Declaration is placed at Enclosure 2 to this GeM Bid.

  • Bid Security Declaration (Original), Power of Attorney, NSIC/MSME (Registered under single point registration scheme of NSIC, Govt.

  • Envelope-II will be opened on the same day of only those bidders who have submitted Bid Security Declaration and requisite documents in Envelope-I.

  • Naya Nangal I/We. The Undersigned, declare that: I/We understand that, according to the conditions of the NIT / tender documents, bid must be supported by a Bid Security Declaration.

  • If at any stage, the PQC documents are found to be forged / false / fake, suitable penal action shall be taken, which may include offer rejection, EMD forfeiture / invoking of Bid Security Declaration clause, termination of order (wherever applicable) and holiday listing / suspension (in GeM) of the bidder / vendor.

  • In terms of the Tender, a Bidder will be required to submit, along with its Bid, a Bid Security Declaration as per as per format specified in Annexure-VIII of this tender document.


More Definitions of Bid Security Declaration

Bid Security Declaration means the, in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;
View Source
Bid Security Declaration means Bid Security Declaration to be submitted by the Bidder along with the Bidas per
View Source
Bid Security Declaration. (Appendix-A of the tender document) on original letter head is scanned and uploaded. If I/We fail to furnish the prescribed performance guarantee within the prescribed period, I/We, agree that the Director, TMC or his successors in office shall without prejudice to any other right or remedy be at liberty to suspend the bidder for one year and shall not be eligible to bid to TMC tenders from date of issue of suspension order. Further, if I/We fail to commence work as specified, I/We agree that Director, TMC or the Successors in office shall without Prejudice to any other right or remedy available in law, be at liberty to forfeit the said Performance Guarantee absolutely. The said Performance Guarantee shall be a guarantee to execute all the works referred to in the tender documents upon the terms and conditions contained or referred to those in excess of that limit at the rates to be determined in accordance with the provision contained in clause 12.2 and 12.3 of the tender form. Further, I/We agree that in case of forfeiture of Performance Guarantee as aforesaid, I/We shall be debarred for participation in the re-tendering process of the work. I/We undertake and confirm that eligible similar work(S) has/have not been got executed through another contractor on back to back basis. Further that, if such a violation comes to the notice of Department, then I/We shall be debarred for tendering in TMC in future forever. Also, if such a violation comes to the notice of Department before date of start of work, the Engineer-in-Charge shall be free to forfeit the entire amount of Performance Guarantee. I/We hereby declare that I/We shall treat the tender documents drawings and other records connected with the work as secret/confidential documents and shall not communicate information/derived there from to any person other than a person to whom I/We am/are authorized to communicate the same or use the information in any manner prejudicial to the safety of the state. Dated Day of Month year. Witness ………………………………………. Address ………………………………………… ………………………………………… Occupation ……………………………………………. TENDERER(s) SIGNATURE
View Source