Tenders Are Invited For Supply Of Choke Manifold Side Outlet Valves Tender Bond The Bidder Shall Furnish As Part Of His Tender A Tender Bond In The Value Of Not Less Than 1 Of The Tender Value If The Bidder Submits An Alternative Tender The One Percent Shall Be Calculated Based On The Highest Tender Value The Wording Of The Tender Bond Shall Be As Per The Prescribed Form Of Tender Bond Included Within The Tender Document See Annexure 12 The Tender Bond Shall Be Denominated In Omani Currency And Shall Be Obtained From A Bank Located And Registered In The Sultanate Of Oman And Valid For Ninety 90 Days From The Latest Date Fixed For The Submission Of Tenders Any Tender Not Accompanied By A Tender Bond Will Be Rejected The Tender Bond Of Unsuccessful Bidders Will Be Returned On Its Expiration Or After The Award Of The Contract To The Successful Bidder The Tender Bond Will Be Forfeited I If A Tenderer Withdraws His Tender During The Period Of Tender Validity Specified In The Tender Documents Or Ii In The Case Of A Successful Tenderer If The Tenderer Fails A To Sign The Contract And OrB To Furnish The Performance Bond Performance Bond For The Due Performance Of The Contract The Supplier Will Be Required To Provide A Performance Bond Within 10 Calendar Days From The Date Of The Letter Of Acceptance To The Value Of Five Percent 5 Of The Contract Value Obtained From A Bank Registered In The Sultanate Of Oman And Valid For The Whole Of The Contract And Defects Liability Period The Performance Bond Will Be Retained By The Company During The Contract And Defects Liability Period And Will Be Returned To The Supplier Upon The Satisfactory Completion Of The Defects Liability Period The Performance Bond Shall Be As Per The Prescribed Form Of Performance Bond Included In The Tender Document In Annexure 13
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