bangladesh power development board tender document for ... - BPDB

4. If our Tender is accepted we will submit a Guarantee from a Scheduled Bank ofBangladesh for a sum of 10% (ten percent) of the contract price amount for the dueperformance of the Contract under the terms of a Security to be approved by you.5. We agree that this Tender shall remain valid for a period of (180) days, following thedate fixed for receiving the same and it shall remain binding on us and may beaccepted by you at any time before the expiration of that period.6. Unless and until a formal agreement is prepared and executed, this Tender, togetherwith your written acceptance thereof, shall constitute a binding Contract between us.7. We understand that you are not bound to accept the lowest or any tender you mayreceive and that you will not defray any expense incurred by us in tendering.8. As security for the due performance for the undertakings and obligations of thisTender, we submit herewith the Tender Security in the amount of.............. drawn inyour favour or made payable to you and valid for (180+28) days from the dateestablished for opening of Tenders.9. We understand that all the Appendices attached hereto and those furnished with theTechnical proposal including data and information submitted herewith form part of thisTender.----------------------------------------------TENDERERdated---------------day of ---------------200932