Common use of BID SUBMISSION Clause in Contracts

BID SUBMISSION. (a) Bidders are hereby cautioned that any attempt of cartel formation will be viewed seriously and may at the discretion of purchaser, lead to cancellation of tender. Purchaser in its discretion may decide to forfeit EMD of such bidders and black list or debar these bidders for suitable period besides taking other punitive measures. Decision of purchaser in this regard shall be final and binding.

Appears in 6 contracts

Samples: Terms of Agreement, Terms of Agreement, Terms of Agreement

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