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    F. Award of Contract: 1-23 Section 1 - Instructions To Bidders

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    Babin Saseendran
    This document outlines the process for awarding a contract to the winning bidder. It states that the employer can reject any or all bids at any time before contracting. The contract will be awarded to the bidder with the lowest evaluated bid that is substantially responsive to the bidding requirements, provided they are eligible. The successful bidder will be notified in writing of the award and all other bidders will be notified of the results. The award information will also be published. The winning bidder must then sign the contract within 28 days and post a performance security to receive the contract. Failure to do so allows the employer to award to the next lowest bidder instead.

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    © All Rights Reserved
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    F. Award of Contract: 1-23 Section 1 - Instructions To Bidders

    Uploaded by

    Babin Saseendran
    49 views1 page
    This document outlines the process for awarding a contract to the winning bidder. It states that the employer can reject any or all bids at any time before contracting. The contract will be awarded to the bidder with the lowest evaluated bid that is substantially responsive to the bidding requirements, provided they are eligible. The successful bidder will be notified in writing of the award and all other bidders will be notified of the results. The award information will also be published. The winning bidder must then sign the contract within 28 days and post a performance security to receive the contract. Failure to do so allows the employer to award to the next lowest bidder instead.

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    This document outlines the process for awarding a contract to the winning bidder. It states that the employer can reject any or all bids at any time before contracting. The contract will be awarded to the bidder with the lowest evaluated bid that is substantially responsive to the bidding requirements, provided they are eligible. The successful bidder will be notified in writing of the award and all other bidders will be notified of the results. The award information will also be published. The winning bidder must then sign the contract within 28 days and post a performance security to receive the contract. Failure to do so allows the employer to award to the next lowest bidder instead.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    49 views1 page

    F. Award of Contract: 1-23 Section 1 - Instructions To Bidders

    Uploaded by

    Babin Saseendran
    This document outlines the process for awarding a contract to the winning bidder. It states that the employer can reject any or all bids at any time before contracting. The contract will be awarded to the bidder with the lowest evaluated bid that is substantially responsive to the bidding requirements, provided they are eligible. The successful bidder will be notified in writing of the award and all other bidders will be notified of the results. The award information will also be published. The winning bidder must then sign the contract within 28 days and post a performance security to receive the contract. Failure to do so allows the employer to award to the next lowest bidder instead.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Section 1 - Instructions to Bidders 1-23

    41. Employer's 41.1 The Employer reserves the right to accept or reject any Bid, and to annul the

    Right to Accept
    Any Bid, and to
    bidding process and reject all Bids at any time prior to contract award, without
    thereby incurring any liability to Bidders. In case of annulment, all Bids

    Reject Any or
    All Bids
    submitted and specifically, bid securities, shall be promptly retumed to the
    Bidders.

    F. Award of Contract

    42. Award Criteria 42.1 The Employer shall award the Contract to the Bidder whose offer has been
    determined to be the lowest evaluated Bid and is substantially responsive to
    the Bidding Document, provided further that the Bidder is detennined to be

    eligible and qualified to perform the Contract satisfactorily.

    43. Notification
    Award
    of 43.1 Prior to the expiration of the period of bid validity, the Employer shall notify
    the successful Bidder, in writing, that its Bid has been accepted .

    43.2 At the same time, the Employer shall also notify all other Bidders of the
    results of the bidding. The Employer will publish in an English language
    newspaper or well-known freely accessible website the results identifying

    the Bid and lot numbers, and the following information: (i) name of each
    Bidder who submitted a bid; (ii) bid prices as read out at bid opening; (iii)


    name and evaluated prices of each bid that was evaluated; (\.v) name of
    Bidders whose Bids were rejected and the reasons for their rejection; and
    (v) name of the winning Bidder, and the price it offered, as well as the
    duration and summary scope qf the contract awarded. After publication of
    award, unsuccessful Bidders may request in writing to the Employer for a

    debriefing seeking explanations on the grounds on which their"Bids were


    not selected. The Employer shall promptly respond in "writing to any

    unsuccessful Bidder who, after publication of contract award, request for a


    debriefing .

    43.3 Until a fonnal contract is prepared and executed, the notification of award shall

    constitute a binding Contract.

    44. Signing of
    Contract
    44.1

    44.2
    Promptly after notification, the Employer shall send the successful Bidder the
    Contract Agreement. '

    Within 28 days of receipt of the Contract Agreement, the successful Bidder

    shall sign, date, and return it to the Employer.

    45. Performance 45.1 Within 28 days of the receipt of notification of award from the Employer, the
    Security successful Bidder shall fumish the perfonnance security in accordance with


    the conditions of contract, subject to ITB 39.5, using for that purpose the
    Perfonnance Security Fonn included in Section 9 (Contract Fonns), or another


    fonn acceptable to the Employer. .

    45.2 Failure of the successful Bidder to submit the above-mentioned

    Performance Security or sign the Contract shall constitute sufficient

    1 grounds for the annulment of the award and forfeiture of the bid security or
    execution of the Bid-Securing Declaration. In that event, the Employer
    may award the Contract to the next lowest evaluated Bidder whose offer is
    substantially responsive and is determined by the Employer to be qualified
    to perform the Contract satisfactorily .

    I
    Biddif\y DUl;UlIlelll fur _ Procurement of Plant Singie-Stage: Two-Envelope

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