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Italy to Hong Kong-Shenzhen City XingYi International freight forwarding Co., Ltd.

Date: 2016-09-05
Views: 49

Italy to Hong Kong Bid decision refers to the act of making a decision after bid evaluation and finally selecting the winning bidder. In the case where the bidder ’s lowest quotation differs greatly from other bidders ’quotations, or even lower than the“ bottom bid price ”expected by the competent authority, the bidder may rule that it is an unreasonable quotation and grant the bidding right to the higher quotation Bidder.

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Italy to Hong Kong The winning bid is to select the transaction object from a number of bidders, and the winning bid will win the bid. The winning bidder must sign a contract with the tenderer, otherwise the security deposit will be confiscated. In order to ensure that the successful bidder performs the contract after signing the contract, the tenderee still requires the successful bidder to pay a performance bond or letter of guarantee. Before signing the formal contract, the bid inviting party and the winning bidder should pay attention to:

(1) Both parties can still negotiate the terms of the contract further and adjust the final price and part of the contract terms. After the two parties have reached an agreement through negotiation, they will sign a formal contract.

(2) The successful bidder shall submit a performance guarantee to the tenderer, also known as a performance guarantee. The performance guarantee letter is issued by a bank acceptable to the tenderer. If the successful bidder fails to deliver the performance guarantee, it shall be deemed to abstain. The bid inviting party has the right to confiscate its bid bond and impose other penalties.

If the successful bidder fails to perform the contract on time due to other reasons, the successful bidder fails to submit an application in advance for delay, or the application is not accepted by the bidding agency, or intends to delay the negotiation and refuses to sign the contract. The tenderer has the right to confiscate his bid bond and impose sanctions. In the case of a breach of contract or abstention by the winning bidder, the bidding committee may decide to re-bid or cancel the bid, or award the bid to the bidder with the second lowest bid or other suitable bidders. Italy to Hong Kong processing trade


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