Common use of Contract Signature Clause in Contracts

Contract Signature. Within fifteen (15) days from the date of receipt of the Contract, the successful Proposer shall sign and date the Contract and return it to UNDP. Failure of the successful Proposer to comply with the requirement of RFP Clause 35 and this provision shall constitute sufficient grounds for the annulment of the award, and forfeiture of the Proposal Security if any, and on which event, UNDP may award the Contract to the Proposer with the second highest rated Proposal, or call for new Proposals. Performance Security A performance security, if required, shall be provided in the amount and form provided in Section 9 and by the deadline indicated in the Data Sheet (DS no. 14), as applicable. Where a Performance Security will be required, the submission of the said document, and the confirmation of its acceptance by UNDP, shall be a condition for the effectivity of the Contract that will be signed by and between the successful Proposer and UNDP.

Contract Signature. Within fifteen one (151) days day from the date of receipt of the Contract, the successful Proposer Bidder shall sign and date the Contract and return it to UNDP. Failure of the successful Proposer Bidder to comply with the requirement of RFP Clause 35 ITB Section F.3 and this provision shall constitute sufficient grounds for the annulment of the award, and forfeiture of the Proposal Bid Security if any, and on which event, UNDP may award the Contract to the Proposer Bidder with the second highest rated ProposalBid, or call for new ProposalsBid. 37 Performance Security A performance security, if required, shall be provided in the amount and form provided in Section 9 and by the deadline indicated in the Data Sheet (DS no. 14), as applicable. Where a Performance Security will be required, the submission of the said document, and the confirmation of its acceptance by UNDP, shall be a condition for the effectivity of the Contract that will be signed by and between the successful Proposer Bidder and UNDP.