Acceptance of Tender definition

Acceptance of Tender means the letter or memorandum communicating to the supplier the acceptance of his offer (Tender) and shall include advance acceptance of his offer i.e. Letter of Intent or Rate Contract.

Acceptance of Tender means the letter of memorandum communicating to the Contractor the acceptance of his tender and includes an advance acceptance of his tender;

Acceptance of Tender means the letter communicating for opening of Financial Bid.

Examples of Acceptance of Tender in a sentence

• The successful bidder shall be required to execute an AGREEMENT in the standard Proforma on non-judicial paper of appropriate value (the cost of stamp paper shall be borne by the Contractor), within 15 days of the receipt by him of the Notification of Acceptance of Tender.

• The Xxxxxxx Money deposited by successful tenderer shall be forfeited if the Contractor fails to furnish the requisite Contract Performance Security as per clause 24 hereof and /or fails to start work within a period of 15 days or fails to execute the AGREEMENT within 15 days of the receipt by him of the Notification of Acceptance of Tender.

• The Xxxxxxx Money deposited by successful tenderer will be retained towards the security deposit for the fulfillment of the CONTRACT, but shall be forfeited if the tenderer fails to deposit the requisite Security deposit as per clause 22 of General Terms of contract hereof and /or fails to start work within a period of 15 days or fails to execute the AGREEMENT (As per Appendix- proforma of Agreement) within 10 days of the receipt by him of the Notification of Acceptance of Tender.

• The Acceptance of Tender will be intimated to the successful Tenderer by MGL either by Telegram/Fax or by Letter or like means-defined as LETTER OF INTENT OR WORK ORDER.

• Furthermore, as this contract is structured upon the cost of materials and ruling wage rates at date of Acceptance of Tender, any adjustments to these costs shall be added to or subtracted from the initial contract price as the case may be.

More Definitions of Acceptance of Tender

Acceptance of Tender means the letter or memorandum from the Corporation communicating to the tenderer the acceptance of his tender.

Acceptance of Tender means the Acceptance of Tender issued by the OWNER to the CONTRACTOR, and shall include a letter, telegram or fax of acceptance or other notification of award of work, and a detailed Letter of Acceptance.

Acceptance of Tender means electronically or through the letter of memorandum communicating to the Tenderers, the acceptance of his Tender.

Acceptance of Tender means the letter/telex/telegram/ fax or any memorandum communicating to the Tenderer the acceptance of his tender and includes an advance acceptance of his tender.

Acceptance of Tender means the Acceptance of Tender conveyed by BPCL to the Tenderer.

Acceptance of Tender means the letter or memorandum communicating to the Contractor the acceptance of his tender.

Acceptance of Tender means the Acceptance of tender issued by the Owner to the contractor.