bid document for the work - IDCO

5. Unless and until an Agreement is prepared and executed, this Bid, together with your
written acceptance thereof, shall constitute a binding Contract between us.
6. I/We understands that you are not bound to accept the lowest or any Bid you may receive.
7. I/We agree that we will not withdraw the bid during the period of validity of bids that will be
required for intimation of acceptance or non-acceptance as stipulated in general rules and
guide lines for contractors or during such extended period as agreed to by us, such period
to date from the last date by which bids are due to submitted to the (OIIDC) and if we do
so withdraw I/We shall forfeit the bid security to OIIDC.
Dated this ...........................day of .....................................2012
Signature ........................................................ in the capacity of ..................... duly authorised to
sign Bid for and on behalf of ................................... .....(in block capitals).
Name of the Witness : ................................................................
Address : ................................................................
................................................................
Signature : ................................................................
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