Bid Validity definition

Bid Validity means the period for which the Bids shall remain valid.
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Bid Validity means the period within which the bidder is bound by its offer and such offer cannot be withdrawn without forfeiting its bid security.
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Bid Validity meansthe period for which the Bids shall remain valid.
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Examples of Bid Validity in a sentence

  • ITB 16.1 Bid Validity Period: 90 days after the date of opening of bid.

  • No Bid may be withdrawn in the interval between the Deadline for Submission of Bids and the expiration of the Period of Bid Validity.

  • Commissions or gratuities, if any, paid or to be paid by us to agents relating to this Bid, and to contract execution if we are awarded the contract, are listed below : Name and address of agent ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of Commission or gratuity (if none, state “none”) We hereby confirm that this Bid complies with the Eligibility, Bid Validity and Bid Security required by the Bidding documents.

  • Extension of Bid Validity Period In exceptional circumstances, prior to the expiration of the Bid validity period, UNDP may request Bidders to extend the period of validity of their Bids.

  • Bid Validity Period Bids shall remain valid for the period specified in the BDS, commencing on the Deadline for Submission of Bids.

  • The Bid Security may be forfeited by UNDP, and the Bid rejected, in the event of any, or combination, of the following conditions: If the Bidder withdraws its offer during the period of the Bid Validity specified in the BDS, or; In the event the successful Bidder fails: to sign the Contract after UNDP has issued an award; or to furnish the Performance Security, insurances, or other documents that UNDP may require as a condition precedent to the effectivity of the contract that may be awarded to the Bidder.

  • Prior to the expiration of the period of Bid Validity, the Purchaser will send the successful Bidder the LTA/Purchase Order.

  • The Bid Validity period starts from the date fixed for the Bid submission deadline (as prescribed by the Procuring Agency in accordance with ITB 22.1).

  • Form C: Bid Submission Bid Validity (minimum 12 Months) Form C Click or tap here to enter text.

  • Prior to the expiration of the period of Bid Validity, UNDP will send the successful Bidder the Contract.


More Definitions of Bid Validity

Bid Validity means the period in which bids submitted remain valid for comparison, evaluation, approval and subsequently for contract award.
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Bid Validity means the period forwhich the Bids shall remain valid.
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Bid Validity means the period for which the Bids shall remainvalid.
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Related to Bid Validity

  • Validity means being:

  • the Constitution means the Constitution of the Republic of South Africa, 1996;

  • Challenge means to appeal a ruling of the Chair.

  • Enforceability Limitations means (i) bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect affecting or limiting the enforcement of creditors’ rights generally and (ii) the discretion of the appropriate court with respect to specific performance, injunctive relief or other equitable remedies.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.