A bid validity date is a date on which a bidder agrees to keep its prices (and other details of the bid) open for acceptance (or otherwise) by the customer. Such a date is usually indicated in the form of a call for tenders either as a specific date or as the end of a given period from another date of the tender. For example, during the tender for fitness equipment in 2013, West Dunbartonshire Council required bidders to agree that “your bid remains open for acceptance for ninety (90) days from the date indicated above for the return of bids or a later date that we have communicated to you. Your offer can be accepted by us at any time during this period. A framework contract defines the terms of a separate contractual group for one or more services that can be performed by one or more suppliers. .
Comments are closed.