er 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 rejected 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 Mobilization
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 saving 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 clause 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 clause 6.1 hich may become necessary as a result of the pre-tender meeting shall be made by
(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 rejected 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 Mobilization
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 saving 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 clause 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 clause 6.1 hich may become necessary as a result of the pre-tender meeting shall be made by
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