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CENTRAL INSTITUTE OF TECHNOLOGY ... - CIT, Kokrajhar...

CENTRAL INSTITUTE OF TECHNOLOGY ... - CIT, Kokrajhar...

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4. Amalgamation/Acquisition etc.:In the event the Manufacturer/Supplier proposes for amalgamation, acquisition or sale of itsbusiness to any firm during the contract period, the BUYER/Successor of the PrincipalCompany are liable for execution of the contract and also fulfillment of contractualobligations i.e. supply, installation, commissioning, warranty, maintenance/replacement ofspares accessories etc. while submitting your bid, you may confirm this condition.5. Period of validity of bids5.1. Bids shall be valid for a period of 30 days from the date of opening the TechnicalBid.5.2. <strong>CIT</strong>, <strong>Kokrajhar</strong> may ask for the BIDDER‟s consent to extend the period of validity.Such request and the response shall be made in writing only.The BIDDER is free not to accept such request without forfeiting the EMD.A BIDDER agreeing to the request for extension will not be permitted to modify his bid.5.3 Bid evaluation will be based on the bid prices without taking into consideration theabove corrections.SUBMISSION <strong>OF</strong> BIDS6. Deadline for submission of Bids6.1 Bids must be received by <strong>CIT</strong>, <strong>Kokrajhar</strong> before the time & date at addressspecified in the tender. In the event of specified date for the submission of bidsbeing declared as a holiday for <strong>CIT</strong>, <strong>Kokrajhar</strong> the bid closing deadline will standextended to the next working day. No communication is required in such cases, Inthe event of holiday on due date6.2 <strong>CIT</strong>, <strong>Kokrajhar</strong> may, extend this deadline for submission of bids, this will suitably benotified on the <strong>CIT</strong>, <strong>Kokrajhar</strong> website.7. Late Bids<strong>CIT</strong>, <strong>Kokrajhar</strong> will not be responsible:7.1 For delayed / late quotations submitted / sent by post / courier etc.7.2 For submission / delivery of quotations at wrong places other than the Purchasesection of <strong>CIT</strong>, <strong>Kokrajhar</strong>.7.3 Fax / E-mail / Telegraphic / Telex tenders will not be considered.7.4 Any bid inadvertently received by <strong>CIT</strong>, <strong>Kokrajhar</strong> after the deadline i.e. due date &time for submission of bids, will not be accepted and returned unopened to the BIDDER.13

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