tender document for supply, installation, testing and commissioning ...

-13-25.2 The determination will take into account the Bidder’s financial, technical andproduction capabilities. It will be based upon an examination of thedocumentary evidence of the bidder’s qualifications submitted by the bidder, aswell as such other information as the IKIWL deems necessary and appropriateincluding details of experience and records of past performance. The IKIWLmay also inspect the works of the bidder to satisfy itself regarding the capabilityof bidder.25.3 An affirmative determination will be a requisite for award of the contract to theBidder. A negative determination will result in rejection of the Bidder’s bid, inwhich event; the IKIWL will proceed to the next lowest evaluated bid to make asimilar determination of that Bidder’s capabilities to perform satisfactorily.26.0 AWARD CRITERIAThe IKIWL will consider award of contract to the successful bidder whose bidhave been determined to be substantially responsive and have been as the lowestevaluated bid, pursuant to Para 23 and 25 & who is determined to be qualifiedto satisfactorily perform the contract.27.0 IKIWL’S RIGHT TO VARY QUANTITIES AT TIME OF AWARD.The IKIWL reserves the right at the time of award or performance of thecontract, to increase or decrease by up to 15% the quantity of goods andservices specified in the schedule of the requirements without any change inunit price or other terms and conditions.28.0 IKIWL’S Right to Accept any Bid and to reject any or All Bids.The IKIWL reserves the right to accept or reject any bid, and to annual thebidding process and reject all bids at any time prior to award of contract,without thereby incurring any liability to the effected bidder or bidders or anyobligation to inform the affected bidder or bidder of the grounds for theIKIWL’S action.29.0 Notification of Award29.1 Within the period of bid validity, the IKIWL will notify the successful bidder inwriting by registered letter or by fax, (to be confirmed in writing by registeredletter) that its bid has been accepted.29.2 The notification of award will constitute the formation of the contract.29.3 Upon the successful bidder’s furnishing of performance security, the IKIWLwill promptly notify each unsuccessful bidder and will discharge its bidsecurity.IKIWLSignature of Bidder