Invitation by NRDA to submit Sample Clauses

Invitation by NRDA to submit the tender shall be a proposal and the submission of a tender by the tenderer shall be an acceptance of such proposal to win the contract. The tenderer shall not revoke his tender or vary its terms and conditions without the consent of NRDA during the period of 120 (One hundred twenty) days counted from the last day appointed by NRDA for submission of tenders. If the tenderer shall revoke the tender or vary its terms and conditions contrary to his promises to abide by this condition, the Xxxxxxx Money Deposited by him shall stand forfeited to NRDA without prejudice to its other rights and remedies and without prejudice to the foregoing clause, the tenderer shall be disentitled to submit a tender to NRDA for execution of any of the prescribed works during the next 12 (Twelve) months effective from the date of such recourse or variations of the terms and conditions of the tender.
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Related to Invitation by NRDA to submit

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