pay

tender bond

After that, if you didn't participate in the bidding, didn't win the bid or didn't violate the bidding procedure, the deposit will be refunded. The bid bond is to ensure that

bidder

Bid bond for legal participation. If the bidder does not violate the law or regulations in the bidding process,

bid document

The deposit shall be refunded.

Obviously illegal: 1. A bidder shall attach a bid bond in the form and amount required in the tender documents.

bid document

yield to

tenderee

. Without bidding, of course, there is no bid bond.

2.

Failed to sell in the auction because there was no bid.

It's not your fault. buy

bidding document

It only means that you are a potential bidder, and there is no law requiring you to bid.

3. Confiscation of bid bond:

successful bidder

give up

Winning bid project

If a contract is not signed with the tenderer without justifiable reasons, it shall be put forward to the tenderer when signing the contract.

Subsidiary conditions

Or change the substantive content of the contract, or refuse to submit the required

Performance bond

A tenderer may cancel his bid qualification and confiscate his bid bond. After the deadline for submission of bid documents, it shall be stipulated in the tender documents.

Validity of bidding

Before the termination, the bidder shall not supplement, modify, replace or withdraw its bid documents.

Extended data:

Bid bond refers to the bid liability guarantee issued by the bidder to the tenderer in a certain amount according to the requirements of the tender documents. Its essence is to avoid losses to the tenderee caused by the bidder's random withdrawal or cancellation of the bid within the validity period of the bid or the failure to submit the performance bond and sign the contract after winning the bid. In addition to cash, the bid bond can be issued by the bank.

bank guarantee