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General Rules of Tender – Liquidation Sale

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(b)(c)bid price must be placed on a separate envelope with “Bid price” imprinted on the exterior part.Annex B to these rules <strong>of</strong> tender contains a table to calculate total amount <strong>of</strong> money to be paid to theAgency by the eligible bidder if this bid price <strong>of</strong> the eligible bidder is deemed highest bid price and theeligible bidder is declared provisional winning bidder. Eligible bidder must complete this table andsubmit it in a sealed envelope with “Bid Price” imprinted.Sealed envelopes stipulated in item (a) and item (b) <strong>of</strong> this article must be placed together in a thirdsealed envelope with “Bid for tender no. [●]” imprinted. Exterior part <strong>of</strong> this envelope must notreveal any information or any other mark that could help identify the eligible bidder.9.7. Upon submitting the bid, each eligible bidder admits and confirms that if declared provisional winningbidder, then:(a)(b)The Agency may verify his background and if necessary <strong>of</strong>fer the Agency necessary information andevidence to facilitate background check; andThe Agency may utilize relevant institutions or third parties to perform background check on behalf <strong>of</strong>the Agency including evidence check submitted by the eligible bidder respectively provisional winningbidder.9.8. Bid admission committee, immediately after receiving the bid, shall write the number on the thirdsealed envelope stipulated in article 9.6, item (c) and the same number shall register in the receiptissued in compliance to article 9.9 <strong>of</strong> <strong>Rules</strong> <strong>of</strong> <strong>Tender</strong>.9.9. Bid admission committee shall, immediately after registering the number in the receipt, deliver thereceipt to the person submitting the bid with the date, hour and minute <strong>of</strong> bid admission by theAgency. The receipt must be signed by the bid admission committee.9.10. The bidder must provide the Agency with every information and document required by the Agency inorder to:a) Satisfy investigation needs and procedures to prevent money laundering.b) Perform investigation by the Agency to confirm the origin <strong>of</strong> funds for purchase price,c) Agency to confirm that provisional winning bidder is eligible in compliance to article 6 <strong>of</strong> <strong>Rules</strong> <strong>of</strong><strong>Tender</strong> and/ord) Meet compliance to applicable law and international best practices.Article 10Bid opening and announcing provisional winner10.1. Bids shall be opened by the bid opening committee publicly within three (3) hours after conclusion<strong>of</strong> bid submission period.L43A <strong>General</strong> <strong>Rules</strong> <strong>of</strong> <strong>Tender</strong> – <strong>Liquidation</strong> <strong>Sale</strong> Page 13

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