Sum.
14.2 The tender security shall, at the tenderer's option, be in the
form of a certified cheque, a bank draft, an irrevocable letter of credit
or a guarantee from either:
(a) Bank of China;
(b) any of its correspondent bank abroad through Bank of China;
(c) any other Chinese or foreign bank operating in China;
(d) any other foreign bank determined by the Tenderer in advance of
submission of bids to be acceptable to ___________.
or a bond issued by an insurance company or bonding company likewise
located. The format of the bank guarantee or bond shall be in accordance
with one of the sample forms included in these documents; other formats
may be permitted subject to the prior approval of the Employer or his
agent __________. Letters of credit, bank guarantees and tender bonds
shall be valid for one calendar month beyond the validity of the tender.
14.3 In the event of a Tenderer agreeing to a specified extension of
tender validity in accordance with Clause 13 of the Instructions to
Tenderers, the Tenderer shall Provide an extension in the validity of the
tender security of one calendar month beyond the validity of the extended
tender.
14.4 Any tender not accompanied by an acceptable tender security will
be ejected by _________ as non-responsive.
14.5 The tender securities of unsuccessful tenderers will be
discharged or returned as promptly as possible, but not later than ______
days after the expiration of the period of tender validity prescribed.
14.6 The tender security of the successful tenderer will be discharged
or returned upon the tenderer executing the Contract and furnishing the
required performance security.
14.7 The tender security may be forfeited:
(a) if a tenderer withdraws his tender during the period of tender
validity; or
(b) in the case of the successful tenderer, if he fails to:
(i) sign the Agreement; or
(ii) furnish the necessary performance security.
15. Alternative Offers
15.1 The tenderer shall submit a basic tender which complies fully
with the requirements of the tender documents. The tenderer may, at his
option, and in addition to the basic tender, offer tenders incorporating
alternatives to any of the following items now specified:
(a) Advance Loan for Mobilisation
An interest free advance loan will be made available to assist the
Contractor before commencing construction of the Works. Offers may be made
for such a loan of up to ________% of the Tender Sum. Evaluation will be
made of the associated costs or savings accruing to the Employer in
accordance with Clause 28.
(b) (written as specific conditions).
15.2 Alternatives may be submitted in addition to basic tender. In
order for alternatives to be considered in the process of tender
evaluation, each alternative shall be accompanied by a detailed price
breakdown indicating the tenderer's estimate of the additional or reduced
cost in present value to the Employer (refer to subclause 28.3 hereof)
compared to the basic Tender Sum. Comparison and evaluation will be done
for the basic offer and alternatives of the lowest evaluated tenderer will
be given due consideration. If the alternative offers were to be accepted
by the Employer, these will be incorporated into the Contract. Alternative
offers which are not priced, or which are not substantiated in sufficient
detail, will be rejected.
15.3 Offers of technical alternatives shall be accompanied by all
information necessary for a complete evaluation, including design
calculations, drawings, method statements and specifications for materials
and workmanship where the alternative is not covered by the Specification,
together with a breakdown of the alternative prices and the Total
Alternative Contract Sum.
15.4 Only those alternative offers which appear to provide additional
financial, economic or technical benefits over the basic offer will be
considered by the Employer in tender evaluation (refer to Clause 28).
16. Pre-Tender Meeting
16.1 The tenderer or his official representative is advised to attend
a pre-tender meeting which will convene on ______________at ___________ at
the ___________.
16.2 The purpose of the meeting will be to clarify issues and to
answer questions on any matter that may be raised at that stage and to
allow tenderers to inspect the Site and to examine conditions.
16.3 Tenderers are requested to submit any questions in writing or by
telex or telegram, to reach__________ not later than one week before the
meeting.
16.4 Minutes of the meeting, including copies of the questions raised
and responses given, will be furnished expeditiously to all those
attending the meeting, and subsequently to all pre-qualified tenderers who
have picked up the tender documents. Any modification of the tender
documents listed in sub-clause 6.1 which may become necessary as a result
of the pre-tender meeting shall be made by the Employer or his agent
___________ exclusively through the issue of an Addendum pursuant to
Clause 8, and not through the minutes of the pre-tender meeting.
17. Format and Signing of Tenders
17.1 The tenderer shall prepare one original and two duplicate copies
of the documents comprising the tender as described in Clause 10.1 hereof,
bound within the Volume 3, and clearly marked "Original Tender" and
"Duplicate Tender" as appropriate. In the event of any discrepancy between
them, the original shall prevail.
17.2 The original and two duplicate copies of the tender shall be
typed or written in indelible ink and shall be signed by a person or
persons duly authorised to bind the tenderer to the Contract. Proof of
authorisation shall be furnished in the form of a written Power of
Attorney which shall accompany the tender. All pages of the tender where
entries or amendments have been made shall be initialled by the person or
persons signing the tender.
17.3 The complete tender shall be without alterations, interlineations
or erasures, except those to accord with the instructions of any Agenda
issued, or as necessary to correct errors made by the tenderer, in which
case such corrections shall be initialled by the person or persons signing
the tender.
17.4 Only one tender may be submitted by each tenderer, not including
alternative offers submitted pursuant to Clause 15 hereof. No tenderer may
participate in the tender of another for the same contract in any relation
whatsoever.
18. Sealing and Marking of Tenders
18.1 The tenderer shall seal the original and two duplicate tenders
each in an inner and an outer envelope, duly marking the envelopes as
"Original" and "Duplicate".
18.2 The inner and outer envelopes shall:
(a) be addressed to _________. (address of employer's agent)
(b) bear the following details:
(i) Tender for Construction of Contract _________;
(ii) _________ Project;
(iii) "Do not open before __________."
18.3 The inner envelopes shall bear the name and address of the
tenderer to enable the tender to be returned unopened in case it is
declared late. The outer envelope shall not bear any identification of the
tenderer.
18.4 If the outer envelope is not marked as instructed above,
_________ Copany will assume no responsibility for the misplacement or
premature opening of the tender. A tender opened prematurely for this
cause will be rejected by the Employer or his agent ___________ and
returned to the tenderer.
19. Deadline for Submission of Tenders
19.1 Tenders must be received by ______________ at the address
specified above no later than _________.
19.2 The Employer or his agent __________ Company may, at their
discretion, on giving not less than ________ calendar days notice by telex
or telegram to all pre-qualified tenderers who have picked up the tender
documents, extend the deadline for the submission of tenders by issuing an
Addendum in accordance with Clause 8, in which case all rights and
obligations of the Employer and the tenderers previously subject to the
deadline shall thereafter be subject to the new deadline as extended.
20. Late Tenders
Any tender received by ___________ Company after the prescribed
deadline for submission of tenders will be returned unopened.
21. Modification and Withdrawal of Tenders
21.1 The tenderer may modify or withdraw his tender after submission,
provided that the modification or notice of withdrawal is received in
writing by __________ Company prior to the prescribed deadline for
submission of tenders.
21.2 The tenderer's modification or notice of withdrawal shall be
prepared, sealed, marked and despatched in accordance with the provisions
for the submission of tenders. A notice of withdrawal may also be sent by
telex or telegram, but shall be followed by a signed confirmation copy,
postmarked not later than the deadline for submission of tenders.
21.3 Subject to Clause 24 hereof, no tender may be modified subsequent
to the deadline for submission of tenders.
21.4 Withdrawal of a tender during the interval between the deadline
for submission of tenders and the expiration of the period of tender
validity may result in the forfeiture of tender security pursuant to
Clause 14.
Tender Opening and Evaluation
22. Tender Opening
22.1 The Employer or his agent __________ will open the tenders, in
the presence of tenderers' representatives who choose to attend, at
___________ on _______________ at the offices of __________. Tenderers'
representatives who are present shall sign a register evidencing their
attendance.
22.2 Tenders for which an acceptable notice of withdrawal has been
submitted pursuant to Clause 21 hereof shall not be opened. The Employer
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