Examples of Successful Bidder in a sentence
The Purchaser will not be responsible for any erroneous calculation of taxes and all differences arising out as above shall be fully borne by the Successful Bidder.
If the Successful Bidder does not accept the correction of the errors, its Bid will be rejected, and its Bid security may be forfeited.
Task – 2 Replacement of existing luminaires with LED luminaires (including LED, Driver and Luminaire) and installation of CCMS Implementation timeline: The Successful Bidder has to supply, install, test and commission LED luminaires and three-phase CCMS panels within 9 (nine) months from the date of award of work failing which a penalty of INR 1,00,000/ week will be applicable for a maximum period of 13 weeks after which M&V of energy savings will be stopped resulting in no payments towards energy saving.
The Successful Bidder shall have to enter into the Concession Agreement with SMC within 45 (forty five) days from the date of issue of the LoA.
In the event the duplicate copy of the LOA duly signed by the Successful Bidder is not received by the stipulated date, Authority may, unless it consents to extension of time for submission thereof, appropriate the Bid Security of such Bidder as Damages on account of failure of the Successful Bidder to acknowledge the LOA, and the next eligible Bidder may be considered.