Shulou(Shulou.com)06/02 Report--

What should be paid attention to about the "bid validity period" in bidding activities?

The bidding documents shall specify an appropriate period of validity of the bid to ensure that the tenderer has sufficient time to complete the bid evaluation and sign a contract with the winning bidder. The period of validity of the bid shall be calculated from the date when the bidder submits the bid documents. If special circumstances arise before the end of the validity period of the original bid, the tenderer may request all bidders in writing to extend the period of validity of the bid. If a bidder agrees to the extension, he shall not be required or allowed to modify the substantive contents of his bid documents, but shall extend the validity period of his bid deposit accordingly; if the bidder refuses to extend, his bid shall be invalidated, but the bidder shall have the right to recover his bid deposit.

If the bidder suffers losses due to the extension of the period of validity of the bid, the tenderer shall give compensation, except where the period of validity of the bid needs to be extended due to force majeure.

The legal basis of this article: article 29 of the measures for tendering and bidding for Engineering Construction projects.

Http://www.zhaobiao.cn/ arrangement of the proposed project under construction

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