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Showing contexts for: remc in Teq Green Power Ix Private Limited vs Remc Limited & Anr on 12 April, 2022Matching Fragments
"3.11. Bid Security and Performance Bank Guarantees (PBG) The Bidder shall provide the following Bank Guarantees in a phased manner as follows:Signature Not Verified Digitally Signed By:SHALOO BATRA Signing Date:13.04.2022 13:39:16
i) Declaration of Bid Security: The Bidder shall submit the declaration of bid security as per Format 6.3 A of the RfS as part of its response to the RfS. By submission of this declaration, the bidder hereby accepts that if it withdraws or modifies its response to RfS during the bid validity period, it will be suspended/barred from bidding in future REMCL's tenders for a period of 2 years from the date of default as notified by REMC Ltd.
Provisions under Clause 3.24 of the RfS (Non- Responsive Bid) will result in deviation from the declaration submitted under Format 6.3A, and applicable action will be taken by REMC Ltd in this regard. Further, provisions of this Clause will be triggered by any of the following: