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RFP (Before Pre-Bid) - RISL - Government of Rajasthan

RFP (Before Pre-Bid) - RISL - Government of Rajasthan

RFP (Before Pre-Bid) - RISL - Government of Rajasthan

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<strong>RISL</strong>: <strong>RFP</strong> FOR SETTING UP OF VIDEO CONFERENCE SOLUTION IN RAJASTHAN (BEFORE PRE-BID)23-Aug-13from rejecting the bid security on the ground that the issuer or the confirmer, as thecase may be, has become insolvent or has otherwise ceased to be creditworthy.h) The bid security <strong>of</strong> unsuccessful bidders shall be refunded soon after finalacceptance <strong>of</strong> successful bid and signing <strong>of</strong> Agreement and submitting performancesecurity.i) The <strong>Bid</strong> security taken from a bidder shall be forfeited, including the interest, if any,in any <strong>of</strong> the following cases, namely: -a. when the bidder withdraws or modifies its bid after opening <strong>of</strong> bids;b. when the bidder does not execute the agreement, if any, after placement <strong>of</strong>supply/ work order within the specified period;c. when the bidder fails to commence the supply <strong>of</strong> the goods or service orexecute work as per supply/ work order within the time specified;d. when the bidder does not deposit the performance security within specifiedperiod after the supply/ work order is placed;e. if the bidder breaches any provision <strong>of</strong> code <strong>of</strong> integrity, prescribed forbidders, specified in the bidding document.j) Notice will be given to the bidder with reasonable time before bid security depositedis forfeited.k) No interest shall be payable on the bid security.l) In case <strong>of</strong> the successful bidder, the amount <strong>of</strong> bid security may be adjusted inarriving at the amount <strong>of</strong> the Performance Security, or refunded if the successfulbidder furnishes the full amount <strong>of</strong> performance security.m) The procuring entity shall promptly return the bid security after the earliest <strong>of</strong> thefollowing events, namely:-a. the expiry <strong>of</strong> validity <strong>of</strong> bid security;b. the execution <strong>of</strong> agreement for procurement and performance security isfurnished by the successful bidder;c. the cancellation <strong>of</strong> the procurement process; ord. the withdrawal <strong>of</strong> bid prior to the deadline for presenting bids, unless thebidding documents stipulate that no such withdrawal is permitted.Seal & Signature <strong>of</strong> the Auth. Sign. Page 37 <strong>of</strong> 147

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