RICB definition
Examples of RICB in a sentence
GCC 1.1 (l) The Procuring agency is: Royal Insurance Corporation of Bhutan Limited (RICB).
RICB will examine the bids to determine whether they are complete, whether required information has been provided as underlined in the Bid document, whether the documents have been properly signed, and whether bids are generally in order.
Sl. No. Description of item Unit Qty 1 Design, manufacture, supply, erect at the site, test, commission and maintain (During the guarantee period of one year) 2-No passenger lift at G+5 Storied RICB building at Deki Lane, Phuentsholing.
RICB also has the right to re-issue the Tender without the Consultants’ having the right to object to such re-issue.
In such an instance, RICB at its discretion may cancel the Order placed with the selected bidder without giving any notice.
The Procuring agency is: Royal Insurance Corporation of Bhutan Limited (RICB).
We agree to abide by the Bid and the rates quoted therein for the orders awarded by RICB up to the period prescribed in the Bid which shall remain binding upon us.
Failure to accept the order by the Selected Bidder within 15 days from the date of receipt of the Notification of Award / Purchase Order makes the EMD liable for forfeiture at the discretion of RICB.
If the outer envelope is not sealed and marked as indicated, RICB will assume no responsibility for the Bid’s misplacement or premature opening.
However, RICB reserves its right to consider at its sole discretion the late acceptance of the order by selected Bidder.