Form Letter 05
Form Letter 05
Form Letter 05
Date: ____________
Gentlemen:
We agree to abide by this Bid for the Bid Validity Period specified in ITB
Clause 18.1 and it shall remain binding upon us and may be accepted at any
time before the expiration of that period. The duration of the contract is
specified in the SCC of GCC 1.4.2.
Until a formal Contract is prepared and executed, this Bid, together with
your written acceptance thereof and your Notice of Award, shall be binding
upon us.
We understand that you are not bound to accept the lowest or any Bid
you may receive.