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invitation to tender ¡¡¡¡¡¡¡¡ ¡¡¡¡whole doc. ¡¡¡¡date: ¡¡¡¡tender no. ¡¡¡¡1. the people's republic of china has-applied for a¡¡loan¡¡and¡¡creditfrom the world bank towards the cost of ________________¡¡project.¡¡it¡¡isintended that part of the proceeds of this loan and credit will be appliedto eligiblepayment under various contracts for ____________ , __________,__________. tendering is¡¡open¡¡to¡¡all¡¡tenderers¡¡from¡¡eligible¡¡sourcecountries as definedunder the "guidelines for procurement" of¡¡the¡¡worldbank. ¡¡¡¡2. ___________ company now invites sealed tenders¡¡from¡¡pre-qualifiedtenderers for provision of the necessary labour, materials, equipment¡¡andservices for the construction and completion of the project. ¡¡¡¡3. pre-qualified tenderers may obtain further¡¡information¡¡from,¡¡andinspect the tender documents at the office of: ________. ¡¡¡¡4. a¡¡complete¡¡set¡¡of¡¡tender¡¡documents¡¡may¡¡be¡¡obtained¡¡by¡¡anypre-qualified tenderer for the cost of rmb _________ or us¡¡$¡¡___________on the submission of a written application to the above. ¡¡¡¡5. all tenders¡¡must¡¡be¡¡accompanied¡¡by¡¡a¡¡tender¡¡security¡¡in¡¡anacceptable¡¡form¡¡and¡¡must¡¡be¡¡delivered¡¡to¡¡________¡¡company¡¡at¡¡theabove-mentioned address (refer to item 3) on or before ___________. ¡¡¡¡6. tenders¡¡will¡¡be¡¡opened¡¡in¡¡the¡¡presence¡¡of¡¡those¡¡tenderers'representatives who choose to attend at ____________ (time). ¡¡¡¡7. if a prequalified foreign tenderer wishes¡¡to¡¡form¡¡joint¡¡venturewith a domestic contractor, such a request will be considered if¡¡receivedwithin ______ days before the closing date for submission of tenders.¡¡theselected local contractor shall be subject to approval by the employer. ¡¡¡¡8. the pre-tender meeting will be held on __________ at the¡¡followingaddress: _________. ¡¡¡¡ ¡¡¡¡instructions to tenderers ¡¡¡¡ ¡¡¡¡ ¡¡¡¡general1. description of works (sketch) ¡¡¡¡all tenderers shall have equal access for supply¡¡of¡¡domestic¡¡labourandmaterial. ¡¡¡¡the contractor shall make his own arrangements for the procurement¡¡oflocal labour, materials, transportation and other services. ¡¡¡¡the employer will assist contractor in locating¡¡potential¡¡number¡¡ofsuppliers for local labour, materials. the employer will also¡¡assist¡¡thecontractor¡¡in¡¡making¡¡his¡¡own¡¡arrangement¡¡for¡¡supply¡¡of¡¡fuel¡¡ andexplosives.2. source of funds ¡¡¡¡2.1 the people's republic of china has applied for a loan¡¡and¡¡creditfrom the world bank (hereinafter referred to as the ifi) towards the¡¡costof ____________ project, and intends to apply a portion of the proceeds ofthe loan and credit to eligible payments¡¡under¡¡the¡¡contract¡¡for¡¡whichthese documentsare issued. payment by the ifi will be made¡¡only¡¡at¡¡therequest of the chinese government and upon approval by the ifi and will besubject in all respectsto the terms and conditions of the loan agreement.no party other than the people's republic of china shall derive any rightsfrom the loan agreement or haveany claim to the loan proceeds. ¡¡¡¡2.2 payment from the proceeds of the world bank loan will¡¡be¡¡limitedto goods produced in, and services¡¡supplied¡¡from,¡¡switzerland¡¡and¡¡themember countries of the world bank which have¡¡commercial¡¡relations¡¡withchina. ¡¡¡¡2.3 all costs not met by the ifi loan will be¡¡paid¡¡by¡¡the¡¡employerfrom funds allocated by the government of china.3. eligibility and qualification requirements ¡¡¡¡3.1 this tender is open to all pre-qualified tenderers¡¡from¡¡eligiblesource countries as defined under the "guidelines for procurement" of¡¡theworld bank. ¡¡¡¡3.2 all goods and services to be supplied under¡¡this¡¡contract¡¡shallhave their origin in eligible source countries, and all expenditures¡¡madeunder the contract will be limited to such goods and services. ¡¡¡¡3.3 the origin of goods and services is distinct from the¡¡nationalityof the tenderer. ¡¡¡¡3.4 to be¡¡eligible¡¡for¡¡award¡¡of¡¡contract,¡¡tenderers¡¡shall¡¡haveprovided evidence satisfactory to the employer of their eligibility¡¡underclause 3.1 above, and of their capability and¡¡adequacy¡¡of¡¡resources¡¡toeffectivelycarry¡¡out¡¡the¡¡contract.¡¡to¡¡this¡¡end,¡¡the¡¡employer¡¡and____________ company may, at any time prior to award of contract,¡¡requesttenderers to amplifyor update previously submitted prequalification data.all tenders submitted sha ¡¾Õý¡¡¡¡ÎÄ¡¿include the following information: ¡¡¡¡(a) copies of original documents defining the¡¡constitution¡¡or¡¡legalstatus, place of registration and¡¡principal¡¡place¡¡of¡¡business¡¡of¡¡thecompany, firm or partnership or, if a joint venture, of each party theretoconstituting the tenderer; ¡¡¡¡(b) the qualifications and experience of key¡¡personnel¡¡proposed¡¡foradministration and execution of the contract, both on and off site, in theformat prescribed in schedule v; ¡¡¡¡(c) major items of constructional plant and equipment proposed for usein carrying out the contract in the format prescribed in schedule iv; ¡¡¡¡(d) a list of proposed sub-contractors in¡¡the¡¡format¡¡prescribed¡¡inschedule vi; ¡¡¡¡(e) information regarding any current litigation in which the tendereris involved; ¡¡¡¡(f) the details of the construction methods proposed. ¡¡¡¡3.5 for the purposes¡¡of¡¡sub-clause¡¡3.4,¡¡tenderers¡¡who¡¡have¡¡beenpre-qualified may update and augment the information supplied¡¡with¡¡theirapplication¡¡for¡¡pre-qualification,¡¡and,¡¡in¡¡particular,¡¡ shall¡¡ giveparticularsof work in hand at the date of tendering. ¡¡¡¡3.6 tenders submitted by a joint venture¡¡of¡¡two¡¡or¡¡more¡¡firms¡¡aspartners shall comply with the following requirements: ¡¡¡¡(a) the tender, and in¡¡case¡¡of¡¡a¡¡successful¡¡tender¡¡the¡¡form¡¡ofagreement, shall be signed so as to be legally binding on all partners; ¡¡¡¡(b) one of the joint venture members shall be¡¡nominated¡¡as¡¡sponsor;andthis authorisation¡¡shall¡¡be¡¡evidenced¡¡by¡¡submitting¡¡a¡¡power¡¡ofattorneysigned by legally authorised signatories of all¡¡the¡¡members¡¡ofthe joint venture; ¡¡¡¡(c) the joint venture sponsor shall be authorised to incur liabilitiesandreceive instructions for and on behalf of any and all members¡¡of¡¡thejoint venture and the entire execution of the contract¡¡including¡¡paymentshall be done exclusively with the joint venture sponsor; ¡¡¡¡(d) all members of the joint¡¡venture¡¡shall¡¡be¡¡liable¡¡jointly¡¡andseverally for the¡¡execution¡¡of¡¡the¡¡contract¡¡in¡¡accordance¡¡with¡¡thecontract terms, and a relevant statement to this effect shall be¡¡includedin the authorisation mentioned under (b) above as well as in the¡¡form¡¡oftender and the form of agreement (in case of a successful tender); and ¡¡¡¡(e) a copy of the agreement entered into by the joint venture partnersshall be submitted with the tender. ¡¡¡¡3.7 domestic tenderers or combinations or joint ventures¡¡of¡¡domesticandforeign tenderers applying for eligibility for the¡¡application¡¡of¡¡a_____% margin of preference in the comparison of their tender¡¡with¡¡othertenders shall supply all information required to satisfy the criteria¡¡foreligibility as described in clause 29 of these instructions.4. cost of tendering ¡¡¡¡the tenderer shall bear all costs associated with the preparation¡¡andsubmission¡¡of¡¡his¡¡tender¡¡and¡¡neither¡¡the¡¡employer¡¡nor¡¡his¡¡ agent___________ company will in any way be responsible¡¡or¡¡liable¡¡for¡¡thosecosts, regardless of the outcome of the tendering process.5. site visit ¡¡¡¡5.1 the tenderer is advised to visit and examine the site of the worksandthe surroundings and to obtain for himself on his own¡¡responsibility,all information that¡¡may¡¡be¡¡necessary¡¡for¡¡preparing¡¡the¡¡tender¡¡andentering into a contract. the costs of visiting the site shall be¡¡at¡¡thetenderer's own expense. ¡¡¡¡5.2 arrangements for a visit to¡¡site,¡¡including¡¡transportation¡¡andaccommodation. will be made by the employer or his agent _________ companyand will be advised to tenderers at the pre- tender¡¡meeting,¡¡details¡¡ofwhich are given in clause 16 of these instructions to tenderers., ¡¡¡¡5.3 the tenderer and¡¡any¡¡of¡¡his¡¡representatives¡¡will¡¡be¡¡grantedpermission by the employer or his agent ___________ company to enter¡¡uponits premises and lands¡¡for¡¡the¡¡purpose¡¡of¡¡such¡¡inspection¡¡by¡¡priorarrangement, but only upon the express condition that the tenderer and hisrepresentatives, will release and indemnify¡¡the¡¡employer¡¡or¡¡his¡¡agent___________ companyand its personnel from and against¡¡all¡¡liability¡¡inrespect thereof and willbe responsible for personal injury (whether fatalor otherwise), loss of or damage to property and any other¡¡loss,¡¡damage,costs and expenses however caused, which, but for¡¡the¡¡exercise¡¡of¡¡suchpermission, would not have arisen. ¡¡¡¡ ¡¡¡¡tender documents6. content of tender documents ¡¡¡¡6.1 the set of documents issued to¡¡pre-qualified¡¡tenderers¡¡for¡¡thepurpose of tendering will cost rmb_______ or us $ ______ and will¡¡includethe stated number of copies of the following:¡¡number of copies¡¡¡¡¡¡¡¡¡¡¡¡ description¡¡1¡¡¡¡¡¡ volume 1¡¡¡¡¡¡¡¡¡¡¡¡ instructions to tenderers ¡¡¡¡ ¡¡¡¡conditions of contract: ¡¡¡¡ ¡¡¡¡part i--general ¡¡¡¡ ¡¡¡¡part ii--conditions of particular ¡¡¡¡ ¡¡¡¡application¡¡1¡¡¡¡¡¡ volume 2¡¡¡¡¡¡¡¡¡¡¡¡ specification ¡¡¡¡ ¡¡¡¡(incl. list of drawings)¡¡3¡¡¡¡¡¡ volume 3¡¡¡¡¡¡¡¡¡¡¡¡ form of tender andappendix thereto ¡¡¡¡ ¡¡¡¡form of tender security ¡¡¡¡ ¡¡¡¡bill of quantities ¡¡¡¡ ¡¡¡¡schedules of supplementary information¡¡1¡¡¡¡¡¡ volume 4¡¡¡¡¡¡¡¡¡¡¡¡ drawings ¡¡¡¡6.2 tender documents shall include any addenda¡¡issued¡¡prior¡¡to¡¡theclosing date of tenders in accordance with clause 8¡¡and¡¡any¡¡minutes¡¡ofpre-tender¡¡meetings¡¡issued¡¡in¡¡accordance¡¡with¡¡clause¡¡16¡¡of¡¡ theseinstructions to tenderers. ¡¡¡¡6.3 further copies of the documents may be purchased by¡¡pre-qualifiedtenderers for a non-refundable fee as follows: (sketch) ¡¡¡¡6.4 sub-contractors, manufacturers, suppliers and others¡¡who¡¡requirecopies of the documents shall not request them directly from _____________but shall obtain them only from pre-qualified tenderers. ¡¡¡¡6.5 on return of the documents in an undamaged and useable¡¡condition,either as part of a tender or otherwise, within the specified time limits,the tenderer's pre-qualification fee will be refunded, as follows: ¡¡¡¡(a) tender submitted: _________________% refund of fee ¡¡¡¡(b) tender not submitted but ________________% refund of fee ¡¡¡¡documents returned prior to closing date of tender ¡¡¡¡6.6 the tenderer is expected to examine¡¡carefully¡¡all¡¡instructions,conditions, forms,¡¡terms,¡¡specifications¡¡and¡¡drawings¡¡in¡¡the¡¡tenderdocuments. failure to comply with the requirements of the instructions¡¡totenderers wi ¡¾Õý¡¡¡¡ÎÄ¡¿be at the¡¡tenderer's¡¡own¡¡risk.¡¡tenders¡¡which¡¡are¡¡notsubstantially responsive to the requirements of the tender¡¡documents¡¡maybe rejected. ¡¡¡¡6.7 the four volumes of the tender documents have¡¡been¡¡collated¡¡andbound by mechanical means and tenderers should check to ensure¡¡that¡¡theycontaina ¡¾Õý¡¡¡¡ÎÄ¡¿pages¡¡(which¡¡are¡¡numbered¡¡consecutively)¡¡and¡¡that¡¡allsupplementsreferred to are also included.7. clarification of tender documents ¡¡¡¡7.1 a prospective tenderer requiring any clarification of¡¡the¡¡tenderdocuments may notify ___________ in writing or by telex at¡¡the¡¡followingaddress: __________. ¡¡¡¡the employer or his agent _____________ will respond in writing to anyrequest for clarification which is received more than _____ days prior¡¡tothe deadline for submission of tenders. written copies of the response(including an explanation of the query, but without identifying the sourceof the inquiry) will be sent to all prequalified tenderers who¡¡have¡¡beenissued with tender documents.8. amendment of tender documents ¡¡¡¡8.1 prior to the deadline for submission of tenders, the employer may,forany reason, whether¡¡at¡¡its¡¡own¡¡initiative¡¡or¡¡in¡¡response¡¡to¡¡aclarification requested by¡¡a¡¡prospective¡¡tenderer,¡¡modify¡¡the¡¡tenderdocuments bythe issue of an addendum. ¡¡¡¡8.2 the addendum will be sent in writing or by telex¡¡or¡¡telegram¡¡toallpre-qualified tenderers who have picked up the¡¡tender¡¡documents¡¡andwill¡¡bebinding¡¡upon¡¡them.¡¡prospective¡¡ tenderers¡¡ shall¡¡ promptlyacknowledgereceipt thereof by telex or telegram to ____________. ¡¡¡¡8.3 in order to afford prospective tenderers reasonable time in¡¡whichto take an addendum into account in preparing their tenders, the¡¡employeror his agent _________ may, at their discretion, extend the¡¡deadline¡¡forthe submission of tenders in accordance with clause 19 hereof. ¡¡¡¡ ¡¡¡¡preparation of tenders9. language of tender ¡¡¡¡9.1 the tender and all correspondence relating to the tender exchangedby the tenderer and the employer or¡¡his¡¡agent¡¡__________¡¡shall¡¡be¡¡inenglish. supporting documents and¡¡printed¡¡literature¡¡furnished¡¡by¡¡thetenderer with the tender may be in¡¡another¡¡language¡¡provided¡¡they¡¡areaccompanied by an appropriate english translation of¡¡pertinent¡¡passages.for the purpose of interpretation of the tender, the english version shallprevail.10. documents comprising the tender ¡¡¡¡10.1 the tender to be prepared¡¡by¡¡the¡¡tenderer¡¡shall¡¡contain¡¡thefollowing: ¡¡¡¡the form of tender and appendix thereto; ¡¡¡¡the tender security; ¡¡¡¡the priced bill of quantities; ¡¡¡¡the schedules of supplementary information; ¡¡¡¡the information on eligibility and qualifications; ¡¡¡¡alternative offers, if any; and ¡¡¡¡any other information required to¡¡be¡¡submitted¡¡in¡¡accordance¡¡withthese instructions. ¡¡¡¡the forms, bill of quantities and schedules provided in¡¡volume¡¡3¡¡ofthese documents shall be used without exception (subject to extensions¡¡ofthe schedules in the same format, and to the¡¡provisions¡¡of¡¡clause¡¡14.2hereof regarding the alternative forms of tender security). ¡¡¡¡10.2 all documents issued for the purpose of tendering as described inclause 6.1 and addenda issued in accordance with clause 8 shall be¡¡deemedincorporated in the tender. tender documents not required to be signed andsubmitted in accordance with clauses 17 and 18 shall be¡¡returned¡¡to¡¡theoffice of issuebefore the expiry of the tender validity period, but¡¡mustnot be enclosed withthe tender. ¡¡¡¡10.3 tenderers shall submit with their tender a preliminary¡¡programmein the format required by clause 14 of the conditions of contract. ¡¡¡¡10.4 the successful tenderer will be required to revise or augment hisprogramme as set out in the contract.11. tender prices ¡¡¡¡11.1 unless explicitly stated otherwise in the tender¡¡documents,¡¡thecontract shall be for the whole of the works ______ as described in clause1 hereof, based on the schedules of unit rates and¡¡amounts¡¡submitted¡¡bythe tenderer. ¡¡¡¡11.2 the tenderer shall fill in rates and amounts¡¡for¡¡all¡¡items¡¡ofwork described in the bill of quantities, whether quantities are stated ornot. items against which no rate or amount is entered by the tenderer willnot be paidfor by the employer when executed and shall be deemed¡¡coveredby the other rates and amounts entered in the bill of quantities. ¡¡¡¡11.3 all duties, taxes and other¡¡levies¡¡payable¡¡by¡¡the¡¡contractorunder the contract, or for any other cause, as at the date¡¡________¡¡daysprior to the date for submission of tenders shall be included in the ratesand amountsand total tender¡¡sum¡¡submitted¡¡by¡¡the¡¡tenderer,¡¡and¡¡theevaluation and comparison¡¡of¡¡tenders¡¡by¡¡the¡¡employer¡¡shall¡¡be¡¡madeaccordingly. ¡¡¡¡11.4 the rates and amounts entered by the tenderer shall be subject toadjustment during the performance of the contract in accordance¡¡with¡¡theprovisions of the conditions of¡¡contract.¡¡the¡¡tenderer¡¡shall¡¡completeschedule iii-price adjustment provisions and shall submit with his¡¡tendersuch other supporting information as is required under clause¡¡70¡¡of¡¡theconditions of contract.12. currencies of tender and payment ¡¡¡¡12.1 the unit rates and prices shall be quoted by the tender¡¡entirelyin rmb. a tenderer expecting to incur expenditures in other currencies forinputs to the works supplied from¡¡outside¡¡china¡¡(referred¡¡to¡¡as¡¡"theforeign currency requirements") shall indicate in schedule i¡¡of¡¡"foreigncurrency requirements" the¡¡percentage¡¡of¡¡the¡¡tender¡¡price¡¡(excludingprovisional sums) needed by him for the payment of such¡¡foreign¡¡currencyrequirements either (i)entirely in the currency of¡¡the¡¡tenderer's¡¡homecountry or, at the tenderer's option, (ii) entirely in us dollars,¡¡alwaysprovided that a tenderer expecting to incur expenditures in a currency¡¡orcurrencies other than those stated in (i) and (ii) above for a portion¡¡ofthe foreign currency requirements, and wishing¡¡to¡¡be¡¡paid¡¡accordingly,shall so indicate the percentage portion in his¡¡tender.¡¡the¡¡percentageportion indicated shall remain fixed for the duration of the contract. theamounts in various currencies calculated on the basisof¡¡the¡¡percentagesindicated in the tender and by use of¡¡the¡¡exchange¡¡rates¡¡indicated¡¡insubclause 12.2 hereinafter, shall be used for the¡¡purposeofconversionand comparison of tenders pursuant to clause 70. ¡¡¡¡12.2 the rates of exchange to be used by¡¡the¡¡tenderer¡¡for¡¡currencyconversion shall be the governing selling rates published by the¡¡bank¡¡ofchina on the date ______ day prior to the latest date for¡¡the¡¡submissionof tenders.if exchange rages are not so published for certain currencies,the tenderer sha ¡¾Õý¡¡¡¡ÎÄ¡¿state the rates used and the source. for the purpose ofpayments, the exchange rates used in tender preparation¡¡shall¡¡apply¡¡forthe duration of the contract. ¡¡¡¡12.3 the total amount of foreign and local currencies expected¡¡to¡¡berequired by tenderers shall be substantiated in schedules i and i(a)-foreign currency¡¡and¡¡local¡¡currency¡¡requirements,¡¡and¡¡the¡¡annexthereto, tenderers shall describe the manner in¡¡which¡¡such¡¡foreign¡¡andlocal currencies are expected to be used, relating specifically,¡¡but¡¡notlimited to: ¡¡¡¡foreign currency ¡¡¡¡(a) expatriate staff directly employed on the works: ¡¡¡¡(b) social charges, insurance premiums and¡¡medical¡¡care¡¡related¡¡tosuch staff, and travel expenses between china and the country of origin; ¡¡¡¡(c) a list of the imported materials, both¡¡temporary¡¡and¡¡permanent,required for the works; ¡¡¡¡(d) depreciation and usage of plant¡¡and¡¡equipment,¡¡including¡¡spareparts, required for the works; ¡¡¡¡(e) insurance and freight charges for imported¡¡materials,¡¡plant¡¡andequipment, including spare parts; and ¡¡¡¡(f) overhead expenses, fees and¡¡financial¡¡charges¡¡incurred¡¡outsidechina. ¡¡¡¡local currency ¡¡¡¡(g) local labour; ¡¡¡¡(h) local materials; ¡¡¡¡(i) other services, and; ¡¡¡¡(j) overhead expenses, fees and financial charges within china. ¡¡¡¡12.4 tenderers may be¡¡required¡¡by¡¡the¡¡employer¡¡to¡¡clarify¡¡theirforeign currency requirements, and to provide satisfactory proof that¡¡theamountsincluded in the unit rates and in schedule i¡¡are¡¡reasonable¡¡andresponsive to sub-clause 12.1 hereof. ¡¡¡¡12.5 the tender¡¡shall¡¡complete¡¡schedule¡¡ii¡¡-¡¡estimated¡¡contractpayments and¡¡shall¡¡substantiate¡¡the¡¡tabulation¡¡of¡¡this¡¡schedule¡¡byattaching¡¡a¡¡table¡¡indicating¡¡anticipated¡¡major¡¡quantities¡¡of¡¡ workperformed over the duration of the works.13. tender validity ¡¡¡¡13.1 the tender shall remain valid¡¡and¡¡open¡¡for¡¡acceptance¡¡for¡¡aperiod of six calendar months from the specified date of tender closing. ¡¡¡¡13.2 in exceptional circumstances, prior to¡¡expiry¡¡of¡¡the¡¡originaltender validity period, the employer or his agent ____________ may requestthe tenderers for a specified extension to the¡¡period¡¡of¡¡validity.¡¡therequest andthe responses thereto shall be made in writing or by telex¡¡ortelegram. a tenderer may refuse the request without forfeiting his¡¡tendersecurity. a tendereragreeing to the extension will not¡¡be¡¡required¡¡norpermitted to alter his tender, but will be required to extend the validityof his tender security correspondingly. the provisions of clause 14 hereofregarding discharge and forfeiture of tender security¡¡shall¡¡continue¡¡toapply during the extended period.14.tender security ¡¡¡¡14.1 the tenderer shall furnish, as¡¡part¡¡of¡¡his¡¡tender,¡¡a¡¡tendersecurity in rmb yuan in an amount of not less than _____ % of the tendersum. ¡¡¡¡14.2 the tender security shall, at the tenderer's option,¡¡be¡¡in¡¡theform of a certified cheque, a bank draft, an irrevocable letter of¡¡creditor 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¡¡ofsubmission of bids to be acceptable to ___________. ¡¡¡¡or a bond issued by an insurance company or bonding¡¡company¡¡likewiselocated. the format of the bank guarantee or bond shall be¡¡in¡¡accordancewith one of the sample forms included in these¡¡documents;¡¡other¡¡formatsmay be permitted subject to the prior approval¡¡of¡¡the¡¡employer¡¡or¡¡hisagent __________. letters of credit,¡¡bank¡¡guarantees¡¡and¡¡tender¡¡bondsshall 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¡¡oftender validity in accordance¡¡with¡¡clause¡¡13¡¡of¡¡the¡¡instructions¡¡totenderers, the tenderer shall provide an extension in the validity of¡¡thetender security of one calendar month beyond the validity of the¡¡extendedtender. ¡¡¡¡14.4 any tender not accompanied by an acceptable tender security¡¡willbe rejected by _________ as non-responsive. ¡¡¡¡

¡¡¡¡14.5¡¡the¡¡tender¡¡securities¡¡of¡¡unsuccessful¡¡tenderers¡¡will¡¡ bedischarged 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 dischargedor returned upon the tenderer executing the contract¡¡and¡¡furnishing¡¡therequired performance security. ¡¡¡¡14.7 the tender security may be forfeited: ¡¡¡¡(a) if a tenderer withdraws his tender during¡¡the¡¡period¡¡of¡¡tendervalidity; 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¡¡fullywith the requirements of the tender documents. the tenderer¡¡may,¡¡at¡¡hisoption,and in addition to the basic tender, offer¡¡tenders¡¡incorporatingalternativesto any of the following items now specified: ¡¡¡¡(a) advance loan for mobilisation ¡¡¡¡an interest free advance loan will be made¡¡available¡¡to¡¡assist¡¡thecontractor before commencing construction of the works. offers may be madefor such a loan of up to ________% of the tender sum. evaluation¡¡will¡¡bemade of theassociated costs¡¡or¡¡savings¡¡accruing¡¡to¡¡the¡¡employer¡¡inaccordance withclause 28. ¡¡¡¡(b) (written as specific conditions). ¡¡¡¡15.2 alternatives may be submitted in addition¡¡to¡¡basic¡¡tender.¡¡inorder¡¡for¡¡alternatives¡¡to¡¡be¡¡considered¡¡in¡¡the¡¡process¡¡of¡¡tenderevaluation, each alternative shall be¡¡accompanied¡¡by¡¡a¡¡detailed¡¡pricebreakdown indicating the tenderer's estimate of the additional or¡¡reducedcost in presentvalue to the employer (refer¡¡to¡¡subclause¡¡28.3¡¡hereof)compared to the basic tender sum. comparison and evaluation will¡¡be¡¡donefor the basic offer andalternatives of the lowest evaluated tenderer willbe given due consideration.ifthe alternative offers were to be¡¡acceptedby the employer, these will be incorporated into the contract. alternativeoffers which are not priced, or which are not substantiated in¡¡sufficientdetail, will be rejected. ¡¡¡¡15.3 offers of technical alternatives¡¡shall¡¡be¡¡accompanied¡¡by¡¡allinformation¡¡necessary¡¡for¡¡a¡¡complete¡¡evaluation,¡¡ including¡¡ designcalculations, drawings, method statements and specifications for materialsand workmanship where the alternative is not covered by the specification,together with¡¡a¡¡breakdown¡¡of¡¡the¡¡alternative¡¡prices¡¡and¡¡the¡¡totalalternative contract sum. ¡¡¡¡15.4 only those alternative offers which appear to provide¡¡additionalfinancial, economic or technical benefits over the¡¡basic¡¡offer¡¡will¡¡beconsidered 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¡¡attenda pre-tender meeting which will convene on ______________at ___________ atthe ___________. ¡¡¡¡16.2 the purpose of the meeting will¡¡be¡¡to¡¡clarify¡¡issues¡¡and¡¡toanswer questions on any matter that may be raised at¡¡that¡¡stage¡¡and¡¡toallow tenderers to inspect the site and to examine conditions. ¡¡¡¡16.3 tenderers are requested to submit any questions in writing or¡¡bytelex or telegram, to reach__________ not later than one week¡¡before¡¡themeeting. ¡¡¡¡16.4 minutes of the meeting, including copies of the questions¡¡raisedandresponses¡¡given,¡¡will¡¡be¡¡furnished¡¡expeditiously¡¡to¡¡all¡¡thoseattendingthe meeting, and subsequently to all pre-qualified tenderers whohave pickedupthe¡¡tender¡¡documents.¡¡any¡¡modification¡¡of¡¡the¡¡tenderdocuments listed in sub-clause 6.1 which may become necessary as a¡¡resultof the pre-tender meeting shall be made¡¡by¡¡the¡¡employer¡¡or¡¡his¡¡agent___________ exclusivelythrough the¡¡issue¡¡of¡¡an¡¡addendum¡¡pursuant¡¡toclause 8, and not through the minutes of the pre-tender meeting.17. format and signing of tenders ¡¡¡¡17.1 the tenderer shall prepare one original and two duplicate¡¡copiesof the documents comprising the tender as described in clause 10.1 hereof,bound within the volume 3, and clearly marked "original tender" and"duplicate tender"as appropriate. in the event of any discrepancy betweenthem, the original shall prevail. ¡¡¡¡17.2 the original and two duplicate copies¡¡of¡¡the¡¡tender¡¡shall¡¡betyped or written in indelible ink and shall¡¡be¡¡signed¡¡by¡¡a¡¡person¡¡orpersonsduly authorised to bind the tenderer to¡¡the¡¡contract.¡¡proof¡¡ofauthorisation shall be furnished¡¡in¡¡the¡¡form¡¡of¡¡a¡¡written¡¡power¡¡ofattorney which shall accompany the tender. all pages of the¡¡tender¡¡whereentries or amendments have been made shall be initialled by the person¡¡orpersons signing the tender. ¡¡¡¡17.3 the complete tender shall be without alterations, interlineationsor erasures, except those to accord with the instructions¡¡of¡¡any¡¡agendaissued,or as necessary to correct errors made by the tenderer,¡¡in¡¡whichcase such corrections shall be initialled by the person or persons signingthe tender. ¡¡¡¡17.4 only one tender may be submitted by each tenderer, not¡¡includingalternative offers submitted pursuant to clause 15 hereof. no tenderer mayparticipate in the tender of another for the same contract in any relationwhatsoever.18. sealing and marking of tenders ¡¡¡¡18.1 the tenderer shall seal the original and¡¡two¡¡duplicate¡¡tenderseach in an inner and an outer envelope, duly marking the envelopes as"original" and "duplicate". ¡¡¡¡18.2 the inner and outer envelopes shall: ¡¡¡¡(a) be addressed to _________. (address of employer's agent) ¡¡¡¡(b) bear the following details: ¡¡¡¡(i) tender for construction of contract _________; ¡¡¡¡(ii) _________ project; ¡¡¡¡(iii) "do not open before __________." ¡¡¡¡18.3 the inner envelopes shall¡¡bear¡¡the¡¡name¡¡and¡¡address¡¡of¡¡thetenderer to enable the tender to¡¡be¡¡returned¡¡unopened¡¡in¡¡case¡¡it¡¡isdeclared late. the outer envelope shall not bear any identification of thetenderer. ¡¡¡¡18.4 if¡¡the¡¡outer¡¡envelope¡¡is¡¡not¡¡marked¡¡as¡¡instructed¡¡above,_________ company will assume no responsibility for¡¡the¡¡misplacement¡¡orpremature opening of the tender. a¡¡tender¡¡opened¡¡prematurely¡¡for¡¡thiscause will be rejected by¡¡the¡¡employer¡¡or¡¡his¡¡agent¡¡___________¡¡andreturned to thetenderer.19. deadline for submission of tenders ¡¡¡¡19.1 tenders¡¡must¡¡be¡¡received¡¡by¡¡______________¡¡at¡¡the¡¡addressspecified above no later than _________. ¡¡¡¡19.2 the employer or¡¡his¡¡agent¡¡__________¡¡company¡¡may,¡¡at¡¡theirdiscretion, on giving not less than ________ calendar days notice by telexor telegram to all pre-qualified tenderers who have picked up¡¡the¡¡tenderdocuments, extend the deadline for the submission of tenders by issuing anaddendum in accordance with¡¡clause¡¡8,¡¡in¡¡which¡¡case¡¡all¡¡rights¡¡andobligations of the employer and the tenderers previously¡¡subject¡¡to¡¡thedeadline shall thereafter be subject to the new deadline as extended.20. late tenders ¡¡¡¡any tender¡¡received¡¡by¡¡___________¡¡company¡¡after¡¡the¡¡prescribeddeadline for submission of tenders will be returned unopened.21. modification andwithdrawal of tenders ¡¡¡¡21.1 the tenderer may modify or withdraw his tender after¡¡submission,provided that the modification or notice¡¡of¡¡withdrawal¡¡is¡¡received¡¡inwritingby¡¡__________¡¡company¡¡prior¡¡to¡¡the¡¡prescribed¡¡deadline¡¡forsubmission of tenders. ¡¡¡¡21.2 the tenderer's modification or¡¡notice¡¡of¡¡withdrawal¡¡shall¡¡beprepared, sealed, marked and despatched in accordance with the¡¡provisionsfor thesubmission of tenders. a notice of withdrawal may also be sent¡¡bytelex or telegram, but shall be followed by a¡¡signed¡¡confirmation¡¡copy,postmarked not later than the deadline for submission of tenders. ¡¡¡¡21.3 subject to clause 24 hereof, no tender may be modified subsequentto the deadline for submission of tenders. ¡¡¡¡21.4 withdrawal of a tender during the interval between¡¡the¡¡deadlineforsubmission of tenders and the¡¡expiration¡¡of¡¡the¡¡period¡¡of¡¡tendervaliditymay result in the¡¡forfeiture¡¡of¡¡tender¡¡security¡¡pursuant¡¡toclause 14. ¡¡¡¡ ¡¡¡¡tender opening and evaluation22. tender opening ¡¡¡¡22.1 the employer or his agent __________ will open¡¡the¡¡tenders,¡¡inthepresence of¡¡tenderers'¡¡representatives¡¡who¡¡choose¡¡to¡¡attend,¡¡at___________ on _______________ at the offices¡¡of¡¡__________.¡¡tenderers'representatives who are present shall sign¡¡a¡¡register¡¡evidencing¡¡theirattendance. ¡¡¡¡22.2 tenders for which an acceptable notice¡¡of¡¡withdrawal¡¡has¡¡beensubmitted pursuant to clause 21 hereof shall not be opened.¡¡the¡¡employeror his agent ___________ will examine the¡¡tenders¡¡to¡¡determine¡¡whetherthey are complete, whether¡¡the¡¡requisite¡¡tender¡¡securities¡¡have¡¡beenfurnished, whether the documents have been properly¡¡signed,¡¡and¡¡whetherthe tenders are generally in order. ¡¡¡¡22.3 the tenderers' names, total¡¡amounts¡¡of¡¡tenders,¡¡tender¡¡pricemodifications¡¡and¡¡tender¡¡withdrawals,¡¡if¡¡any,¡¡the¡¡presence¡¡of¡¡therequisite tender security and such other details as the¡¡employer¡¡or¡¡hisagent ____________, at their discretion, may consider appropriate will¡¡beannounced at the opening. ¡¡¡¡22.4 the employer or his agent _____________ shall prepare minutes¡¡ofthetender opening for his own records. such minutes shall be sent to¡¡theworld bank together with the report on the evaluation of tenders¡¡as¡¡soonas the latter is available.23. process to be confidential ¡¡¡¡23.1 after the public opening of tenders, information relating to¡¡theexamination, clarification,¡¡evaluation¡¡and¡¡comparison¡¡of¡¡tenders¡¡andrecommendations concerning the award of contract shall not be disclosed totenderers or other persons not¡¡officially¡¡concerned¡¡with¡¡such¡¡processuntil the awardof¡¡a¡¡contract¡¡to¡¡the¡¡successful¡¡tenderer¡¡has¡¡beenannounced. ¡¡¡¡23.2 any effort by a tenderer to influence the employer in the processof examination, clarification, evaluation and comparison¡¡of¡¡tenders¡¡anddecisions concerning award of contract may result in the rejection of¡¡histender.24. clarification of tenders ¡¡¡¡to assist in the examination, evaluation and¡¡comparison¡¡of¡¡tenders,theemployer and _______________ company may¡¡ask¡¡tenderers¡¡individuallyfor clarification of their tenders, including breakdowns of¡¡unit¡¡prices.the requestfor clarification and the response shall be in writing¡¡or¡¡bytelex or telegram, but no change in the price or substance of¡¡the¡¡tendershall be sought, offered or permitted except as required¡¡to¡¡confirm¡¡thecorrection of arithmetical errors discovered by the¡¡employer¡¡during¡¡theevaluation of tenders in accordance with clause 26 hereof.25. determination of responsiveness ¡¡¡¡25.1 prior to the detailed evaluation of¡¡tenders,¡¡the¡¡employer¡¡and_________ company will determine¡¡whether¡¡each¡¡tender¡¡is¡¡substantiallyresponsive to the requirements of the tender documents. ¡¡¡¡25.2 for the purpose of this clause, a substantially responsive tenderis one which conforms to all the terms, conditions and¡¡specifications¡¡ofthe tender documents without material deviation or reservation. a materialdeviation is one which affects in any substantial way the¡¡scope,¡¡qualityor administration of the works, or which limits in¡¡any¡¡substantial¡¡way,inconsistent with the tender¡¡documents,¡¡the¡¡employer's¡¡rights¡¡or¡¡thetenderer's obligations under the contract, and the rectification of¡¡whichdeviation or reservation would affect unfairly the competitive position ofother tenderers offering substantially responsive tenders. ¡¡¡¡25.3 if a tender is not substantially responsive to¡¡the¡¡requirementsof the tender¡¡documents,¡¡it¡¡shall¡¡be¡¡rejected¡¡by¡¡the¡¡employer¡¡and_________ company.26. correction of errors ¡¡¡¡26.1 tenders determined to be substantially responsive will be checkedby the employer for any arithmetical errors in computation and¡¡summation.errors will be corrected by the employer as follows: ¡¡¡¡(a) where there is a discrepancy between amounts¡¡in¡¡figures¡¡and¡¡inwords, the amount in words will normally govern, unless it is¡¡clear¡¡fromthe context that the amount in figures is correct; and ¡¡¡¡(b) where there is a discrepancy between the unit rate and¡¡the¡¡totalamount derived from the multiplication of the unit rate and the¡¡quantity,the unit rate as quoted will normally govern unless, in the opinion of theemployer, there is obviously a gross error in¡¡the¡¡unit¡¡rate;¡¡in¡¡whichevent the totalamount as quoted will govern and the¡¡unit¡¡rate¡¡will¡¡becorrected. ¡¡¡¡26.2 the amount stated in the form of tender will be adjusted¡¡by¡¡theemployer in accordance with the above¡¡procedure¡¡for¡¡the¡¡correction¡¡oferrors and, with the concurrence of the tenderer, shall be¡¡considered¡¡asbinding upon the tenderer. the tenderer may, at his option,¡¡withdraw¡¡histender if acceptance of the corrected amount would cause hardship. howeverin cases such as this, the tenderer is warned¡¡that¡¡such¡¡an¡¡action¡¡maycause his tender security to be forfeited.27. conversion to single currency ¡¡¡¡the tender price is the sum of all payments stated or expressed¡¡as¡¡apercentage in various currencies required to be made to the¡¡tenderer.¡¡tofacilitate evaluation and comparison of tenders, the employer will convertthe amountsin various currencies in which the tender price is payable(excluding¡¡provisional¡¡sums¡¡but¡¡ including¡¡ daywork,¡¡ where¡¡ pricedcompetitively) to rmb atthe selling rates established by bank¡¡of¡¡china,on the date specified for theopening of tenders.28. evaluation and comparison of tenders ¡¡¡¡28.1 the employer and _____________ company will evaluate and¡¡compareonly those tenders¡¡determined¡¡to¡¡be¡¡substantially¡¡responsive¡¡to¡¡therequirements of the tender documents in accordance with clause 25¡¡hereof.the evaluation and comparison shall be based only on the "basic" offer¡¡todetermine the lowest evaluated tenderer for award of the contract. ¡¡¡¡28.2 in evaluating tenders,¡¡the¡¡employer¡¡will¡¡determine¡¡for¡¡eachtender the evaluated¡¡tender¡¡price¡¡by¡¡adjusting¡¡the¡¡tender¡¡price¡¡asfollows: ¡¡¡¡(a) making any correction for errors pursuant to clause 26; ¡¡¡¡(b)¡¡excluding¡¡provisional¡¡sums¡¡and¡¡the¡¡provision,¡¡if¡¡any,¡¡forcontingencies in the summary bill of quantities,¡¡but¡¡including¡¡dayworkswhere priced competitively; ¡¡¡¡(c) converting all amounts to a single currency; ¡¡¡¡(d) adding any monetary cost of¡¡mobilisation¡¡advances,¡¡assessed¡¡inaccordance with sub-clause 28.3 ¡¡¡¡(e)¡¡making¡¡an¡¡appropriate¡¡adjustment¡¡for¡¡any¡¡other¡¡acceptablequantifiable variations, deviations or alternative offers not reflected inthe tender price or in the above-mentioned other adjustments. ¡¡¡¡(f)¡¡such¡¡other¡¡factors¡¡as¡¡the¡¡employer¡¡considers¡¡may¡¡have¡¡apotentially significant impact on contract execution, price and¡¡payments,including the effect of items¡¡or¡¡unit¡¡rates¡¡in¡¡the¡¡tender¡¡that¡¡areunbalanced or unrealistically priced. ¡¡¡¡28.3 the monetary costs to the employer of variations in the amount ofmobilisation advances requested by tenderers pursuant to sub-clauses 15.1(a), using a discount rate of ______ percent per annum, shall be added¡¡tothe respective tenderer's tender price for comparison purposes only. ¡¡¡¡28.4 the employer and ___________ company reserves the right to acceptor reject any¡¡variation,¡¡deviation¡¡or¡¡alternative¡¡offer.¡¡variations,deviations, alternative offers and other factors which are¡¡in¡¡excess¡¡ofthe requirements of the¡¡tender¡¡documents¡¡or¡¡otherwise¡¡result¡¡in¡¡theaccrual of unsolicited benefits to the employer¡¡may¡¡not¡¡be¡¡taken¡¡intoaccount in tender evaluation. ¡¡¡¡28.5 price adjustment provisions applying to the period¡¡of¡¡executionof the contract shall not be taken into account in tender evaluation. ¡¡¡¡28.6 if the tender of the successful tenderer is seriously¡¡unbalancedin relation to the engineer's estimate of the real¡¡cost¡¡of¡¡work¡¡to¡¡beperformed under the contract, the employer may require that the amount¡¡ofthe performance security set forth¡¡in¡¡clause¡¡34¡¡be¡¡increased¡¡at¡¡theexpense of the successful tenderer to a level sufficient¡¡to¡¡protect¡¡theemployer against financial loss in the event of subsequent default of¡¡thesuccessful tenderer under the contract.29. preference for domestic tenderers ¡¡¡¡29.1 domestic tenderers shall satisfy the¡¡following¡¡criteria¡¡to¡¡beeligible for a _______% margin of preference in the¡¡comparison¡¡of¡¡theirtenderswith those of non-eligible tenderers: ¡¡¡¡(a) be registered within china; ¡¡¡¡(b) have majority ownership by nationals of china; and ¡¡¡¡(c) shall not subcontract more than ________% of the contract works(in terms of value) to foreign contractors. ¡¡¡¡29.2 combinations and joint¡¡ventures¡¡between¡¡domestic¡¡and¡¡foreignfirms shall be eligible for the margin of preference provided: ¡¡¡¡(a) the domestic partner or partners individually satisfy the criteriaforeligibility set out above; ¡¡¡¡(b) the domestic partner or¡¡partners¡¡will,¡¡under¡¡the¡¡arrangementsproposed, carry out at least ________% of the contract works, measured¡¡interms of value. ¡¡¡¡(c) the domestic partner or partners would not be¡¡qualified¡¡for¡¡thecontract works in question on technical or financial grounds¡¡without¡¡theforeignparticipation. ¡¡¡¡29.3 the following procedure will be used to give effect to the marginof preference: ¡¡¡¡(a) after tenders have been evaluated fully¡¡in¡¡accordance¡¡with¡¡theprovisions of clause 28 hereinabove, responsive tenders will be classifiedinto the following groups; ¡¡¡¡(i) group¡¡a:¡¡tenders¡¡offered¡¡by¡¡domestic¡¡tenderers¡¡meeting¡¡thecriteria set forth in sub-clause 29.1 hereinabove and¡¡by¡¡joint¡¡venturesmeetingthe criteria set forth in sub-clause 29.2 hereinabove; and ¡¡¡¡(ii) group b: tenders offered by other tenderers. ¡¡¡¡(b) for the purpose of further evaluation and¡¡comparison¡¡of¡¡tendersonly, an amount equal¡¡to¡¡_________¡¡percent¡¡of¡¡the¡¡tender¡¡price¡¡(asadjusted pursuant to paragraphs (a), (b) and (c) of sub-clause 28.2)¡¡willbe added tothe evaluated tender price of tenders classified in group b. ¡¡¡¡ ¡¡¡¡award of contract30. award criteria ¡¡¡¡subject to clause 31, the employer and ________ company may award¡¡thecontract¡¡to¡¡the¡¡tenderer¡¡whose¡¡tender¡¡has¡¡been¡¡determined¡¡to¡¡ besubstantially responsive to the tendering documents and¡¡who¡¡has¡¡offeredthe lowest evaluated tender price pursuant to clause 28 and paragraph¡¡(b)of sub-clause 29.3 (if applicable), provided further that the tenderer hasthe capability and resources to carry out the contract effectively¡¡(referto sub-clause 3.5), butthe¡¡employer¡¡and¡¡_________¡¡company¡¡gives¡¡noguarantee that the lowest orany tender will be accepted.31. employer's rights ¡¡¡¡notwithstanding clause 30, the employer reserves the right¡¡to¡¡acceptor reject any tender, and to annul the tendering process¡¡and¡¡reject¡¡alltenders, at any time prior to award of contract, without thereby incurringany liability to the affected tenderer or tenderers or any¡¡obligation¡¡toinform¡¡the¡¡affected¡¡tenderer¡¡or¡¡tenderers¡¡of¡¡the¡¡grounds¡¡for¡¡theemployer's action.32. notification of award ¡¡¡¡32.1 prior¡¡to¡¡the¡¡expiration¡¡of¡¡the¡¡period¡¡of¡¡tender¡¡validityprescribed by the¡¡employer,¡¡the¡¡employer¡¡will¡¡notify¡¡the¡¡successfultenderer by telex or telegram confirmed in writing¡¡by¡¡registered¡¡letterthat his tender has been accepted. this letter¡¡(hereinafter¡¡and¡¡in¡¡theconditions of contract called the "letter of acceptance") shall¡¡name¡¡thesum which the employer will pay to the contractor in consideration of¡¡theexecution, completion and maintenance of the works by¡¡the¡¡contractor¡¡asprescribed by the contract (hereinafter and in the conditions of¡¡contractcalled the "tender sum"). ¡¡¡¡32.2 the notification of award will constitute the¡¡formation¡¡of¡¡thecontract. ¡¡¡¡32.3 upon the furnishing by the successful tenderer of¡¡a¡¡performancesecurity in accordance with¡¡the¡¡provisions¡¡of¡¡clause¡¡34¡¡hereof,¡¡theemployer will promptly notify the other tenderers that their tenders¡¡havebeen unsuccessful.33. signing of agreement ¡¡¡¡33.1 within ________ days of notifying the¡¡successful¡¡tenderer¡¡thathistender has been accepted, the employer will send to the¡¡tenderer¡¡twocopies of¡¡the¡¡form¡¡of¡¡agreement¡¡provided¡¡in¡¡the¡¡tender¡¡documents,incorporating all agreements between the parties. ¡¡¡¡33.2 within__________ days of receipt of the form¡¡of¡¡agreement,¡¡thesuccessful tenderer shall execute the agreement by signing or sealing,¡¡asappropriate, and return both copies to the¡¡employer.¡¡the¡¡employer¡¡willthen execute the agreement and return one copy to the contractor.34. performance security ¡¡¡¡34.1 within _________ days of receipt of the letter of acceptance, thesuccessful tenderer shall furnish to the employer a security for¡¡the¡¡dueperformance¡¡of¡¡the¡¡contract,¡¡in¡¡accordance¡¡with¡¡the¡¡conditions¡¡ofcontract.¡¡the¡¡form¡¡of¡¡performance¡¡security¡¡provided¡¡in¡¡the¡¡tenderdocuments may be used, or some other form acceptable to the employer. ¡¡¡¡34.2 if the performance security is to be provided by¡¡the¡¡successfultenderer in the form of a bank guarantee, it shall be issued either¡¡by¡¡alocal bank; by a foreign bank through a correspondent local bank; or by¡¡aforeign bank which has been determined by the tenderer to be acceptable tothe employer. ¡¡¡¡34.3 if the performance security is to be provided by¡¡the¡¡successfultenderer in the form of a bond,¡¡it¡¡shall¡¡be¡¡issued¡¡by¡¡a¡¡bonding¡¡orinsurance company¡¡which¡¡has¡¡been¡¡determined¡¡by¡¡the¡¡tenderer¡¡to¡¡beacceptable to the employer. ¡¡¡¡ ¡¡¡¡34.4¡¡failure¡¡of¡¡the¡¡successful¡¡tenderer¡¡to¡¡comply¡¡ with¡¡ therequirements of clauses¡¡33¡¡or¡¡34¡¡hereof¡¡shall¡¡constitute¡¡sufficientgrounds for the annulment of¡¡the¡¡award¡¡and¡¡forfeiture¡¡of¡¡the¡¡tendersecurity, inwhich event the employer may¡¡make¡¡the¡¡award¡¡to¡¡the¡¡nextlowest evaluatedtenderer or, if there are no other¡¡tenderers,¡¡call¡¡fornew tenders.

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