Pipelaying Tender-VOL I - WorleyParsons.com

modify the Bid Document. The amendment will be notified in writing to all prospectiveBidders who have been issued the Bid Document and will be binding on them.In order to afford prospective Bidder, reasonable time in which to take the amendment intoaccount in preparing their bids, the Owner/ Consultant may, at its discretion, extend the biddue date.5.0 PERIOD OF VALIDITY OF BIDS:5.1 Bids shall be kept valid for 120 days from the final bid due date. A bid valid for shorterperiod shall be rejected as per clause 12.0 (Rejection Criteria) of Chapter – 2 (Instructionsto Bidders). The bidder shall not be entitled during the said period of 120 days, without theconsent in writing of the Owner / Consultant to revoke or cancel its bid or to vary the bidgiven or any term thereof. In case of bidder revoking or cancelling its bid without theconsent of the Owner in writing, the Owner shall forfeit the Bid Security furnished by Bidder.5.2 Notwithstanding above, the Owner may solicit the Bidder’s consent to an extension of theperiod of bid validity. The request and the responses thereto shall be made on line/ orthrough any other means of communication decided by the owner. The bid security/EMDshall also be accordingly extended by the bidder at no extra cost to the owner.6.0 MODIFICATION AND WITHDRAWAL OF BIDS6.1 The Bidder may modify or withdraw his bid after the bid’s submission, provided that themodification/ withdrawal notice is received by the Owner / Consultant prior to the biddue date & time.6.2 No bid shall be modified subsequent to the due date & time or extension, if any, forsubmission of bids. Bidder(s) to note that unsolicited price changes (including changes intaxes, duties mentioned & their applicability) after submission of bid shall not be allowed. Incase any bidder gives unsolicited revised prices/price implication, his bid shall be rejectedand EMD/ Bid security submitted by the bidder shall be forfeited, however, any unilateralrebate shall be dealt as per clause no. 22 of ITB.6.3 No bid shall be allowed to be withdrawn in the interval between the deadline for submissionof bids and the expiration of the period of bid validity specified by the Bidder. Withdrawal ofa bid during this interval shall result in the forfeiture of Bidder’s EMD/Bid security andfurther action as per corporation (HPCL) policy.6.4 No new deviation will be received/ accepted from bidder after bid due date & time. In casebidder submits new deviation, his bid will be rejected. At the sole discretion of the ownerbidder may be given opportunity to withdraw the deviation and in case the same is notwithdrawn by the bidder, the offer of the bidder shall be rejected & EMD/ Bid securitysubmitted by the bidder shall be forfeited.MH2145-C000-PS-RFQ-0020Page 32 of 334