Common use of Period of Validity of Bids Clause in Contracts

Period of Validity of Bids. 4.9.1. Prices and other terms offered by Bidders must be firm for an acceptance period as mentioned in “Critical Information” section, from date of closure of this RfP. 4.9.2. In exceptional circumstances the Bank may solicit the Bidders consent to an extension of the period of validity. The request and response thereto shall be made in writing. Any extension of validity of Bids or price (if applicable) will not entitle the Bidder to revise / modify the Bid document. 4.9.3. Bank, however, reserves the right to call for fresh quotes at any time during the period, if considered necessary.

Period of Validity of Bids. 4.9.14.5.1. Prices and other terms offered by Bidders must be firm for an acceptance period as mentioned in “Critical Information” section, from date of closure of this RfP. 4.9.24.5.2. In exceptional circumstances the Bank may solicit the Bidders consent to an extension of the period of validity. The request and response thereto shall be made in writing. Any extension of validity of Bids or price (if applicable) will not entitle the Bidder to revise / modify the Bid document. 4.9.34.5.3. Bank, however, reserves the right to call for fresh quotes at any time during the period, if considered necessary.