bidder. All pages of the bid shall be initialed and official seal be affixed by the person or persons signing the bid. 14.6 The Bid shall be delivered in person only. D. SUBMISSION OF BIDS FOR SINGLE STAGE TWO ENVELOPE BIDDING PROCEDURE Sealing and Marking of Bids Each bidder shall submit his bid as under: (a) ORIGINAL and each copy of the Bid shall be separately sealed and put in separate envelopes and marked as such. The envelopes containing the ORIGINAL and copies will be put in one sealed envelope and addressed / identified. (c) Provide a warning not to open before the time and date for bid opening, as specified in the Bidding Data In addition to the identification required in, the inner envelope shall indicate the name and address of the bidder to enable the bid to be returned unopened in case it is declared “late”. If the outer envelope is not sealed and marked as above, the Employer will assume no responsibility for the misplacement or premature opening of the Bid. IB.15 Deadline for Submission, Modification & Withdrawal of Bids 15.1 Bids must be received by the Employer at the address/provided in Bidding Data not later than the time and date stipulated therein. 15.2 Bids submitted through telegraph, telex, fax, through registered post or e-mail shall not be considered. 15.3 Any bid received by the Employer after the deadline for submission prescribed in Bidding Data will be returned unopened to such bidder. 15.4 Any bidder may modify or withdraw his bid after bid submission provided that the modification or written notice of withdrawal is received by the Employer prior to the deadline for submission of bids. 15.5 Withdrawal of a bid during the interval between the deadline for submission of bids and the expiration of the period of bid validity specified in the Form of Bid may result in forfeiture of the Bid Security pursuant to Sub-Clause IB.13.5(a). E. BID OPENING AND EVALUATION FOR SINGLE STAGE TWO ENVELOPE
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the accompanying Bid numbered and dated as above for ________________________________________ (Particulars of Bid) to the said Employer; and WHEREAS, the Employer has required as a condition for considering the said Bid that the Principal furnishes a Bid Security in the above said sum to the Employer, conditioned as under: (1) that the Bid Security shall remain valid for a period of twenty eight (28) days beyond the period of validity of the bid; (2) that in the event of; (a) the Principal withdraws his Bid during the period of validity of Bid, or (b) the Principal does not accept the correction of his Bid Price, pursuant to 16.4 (b) of Instructions to Bidders, or (c) failure of the successful bidder to (i) furnish the required Performance Security, in accordance with IB-21.1 of Instructions to Bidders, or (ii) sign the proposed Contract Agreement, in accordance with IB-20.2 & 20.3 of Instructions to Bidders, the entire sum be paid immediately to the said Employer for delayed completion and not as penalty for the successful bidder's failure to perform. NOW THEREFORE, if the successful bidder within the period specified therefore, on the prescribed form presented to him for signature enter into a formal Contract Agreement with the said Employer in accordance with his Bid as accepted and furnish within fourteen (14) days of receipt of Letter of Acceptance, a Performance Security with good and sufficient surety , as may be required, upon the form prescribed by the said Employer for the faithful performance and proper fulfilment of the said Contract or in the event of non-withdrawal of the said Bid within the time specified then this obligation shall be void and of no effect, but otherwise to remain in full force and effect. PROVIDED THAT the Guarantor shall forthwith pay to the Employer the said sum stated above upon first written demand of the Employer without cavil or argument and without requiring the Employer to prove or to show grounds or reasons for such demand, notice of which shall be sent by the Employer by registered post duly addressed to the Guarantor at its