Examples of Bid Security in a sentence

This right is in addition to and does not affect the District’s right to demand forfeiture of the Contractor’s Bid Security or any other rights or remedies available to the District if the Contractor persistently delays in providing the required documentation.
Failure of the successful Bidder to comply with the requirement of clause 26 or clause 27 of Instructions to Bidders shall constitute sufficient grounds for the annulment of the award and forfeiture of the Bid Security, in which event the Purchaser may make the award to the next lowest evaluated Bidder or call for new Bids.

More Definitions of Bid Security

Bid Security means the refundable amount to be submitted by the Bidder along with Tender Documents to DMRC as a security against the earnestness of bid.

Bid Security. (i.e. Earnest Money Deposit) means monetary guarantee to be furnished by a Bidder along with its Bid.

Bid Security means the bid security provided by the Contractor to the Bilaspur Smart City Limited in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

Bid Security means the bank guarantee or CDR submitted by a Bidder together with a bid to secure the obligations of the Bidder participating in a bidding proceedings

Bid Security means bid security as referred to in Clause 15.

Bid Security means the unconditional and irrevocable bank guarantee to be submitted along with the Bid at the RFP stage. The details will be provided to the qualified bidders at the RFP stage.

Bid Security means the bid security to be given by the Bidders, as detailed in Clause 14 of the ITB.