TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

Tirupathi Urban Development Authority
2. The Bank Guarantee issued by a Cooperative Bank shall not be accepted
4.4.3 The Bid Security along with the unopened Covers shall be returned to the Bidders whose
Bids are found to be Non-Responsive, or whose Bids are not Technically and Financially
Capable, or whose Techno-Business Proposal is not found to meet the threshold level
set by TUDA. The Bid Security and unopened Cover 1, Cover 2 and Cover 3 of those
Bidders whose Other Submissions get rejected will be returned within a period of 28 days
from the date of intimation of such rejection. The Bid Security and unopened Cover 2 and
Cover 3 of those Bidders whose Qualification Proposal gets rejected will be returned
within a period of 28 days from the date of intimation of such rejection. The Bid Security
and Cover 3 of those Bidders, whose Techno-Business Proposal doesn’t meet the
minimum threshold during detailed technical evaluation, will be returned within a period of
28 days from the date of intimation of such rejection. Notwithstanding anything contrary
provided in instructions elsewhere to Bidders, on issue of the Letter of Award by TUDA,
the validity of the Bid Security of the the top 3 (three) Bidders ranked on the basis of their
Commercial Offers, shall be automatically extended till the date on which the
Development Agreement is signed. The Bid Security shall be returned, subject to the
provisions of this Section to the other unsuccessful Bidders within a period of 56 (fifty six)
days from the Evaluation Date. Provided however, that the bid security of the Bidder who
submitted the Preferred Proposal as determined on the opening of the Commercial Offer,
as well as that of the next two Bidders ranked on the basis of their Commercial Offers,
shall be returned by TUDA after the date of execution of the Development Agreement. In
addition to the above, TUDA will promptly release all Bid Securities in the event TUDA
decides to terminate the bidding proceedings or abandon the Project.
4.4.4 TUDA shall reject the Bid, which does not include the Bid Security.
4.4.5 The entire Bid Security shall be forfeited in the following cases:
(i) If the Bidder withdraws its Bid except as provided in Section 4.13;
(ii) If the Bidder withdraws its Bid during the interval between the Bid Due Date and
expiration of the Bid Validity Period;
(iii) If the Bidder, during Bid Validity Period, in TUDA’s opinion, commits a material
breach of any of the terms and / or conditions contained in the RFP and/ or
subsequent communication from TUDA in this regard;
(iv) If the Selected Developer refuses to accept the Letter of Award;
(v) If the Selected Developer or the Project Company fails to meet its financial
obligations to TUDA under the Development Agreement within the stipulated time or
any extension thereof provided by TUDA;
(vi) As per the provisions of the Development Agreement.
4.5 Bid Validity period
Proposal shall remain valid for a period not less than 280 days from the Bid Due Date.
TUDA reserves the right to reject any Proposal, which does not meet the requirement.
Request For Proposal
Development of Integrated Tourism Temple Township on Public Private Partnership Basis
16