(d) No person can have access to a tender prior to the time and date specified in the solicitation documents, or any extension thereto as the deadline for submission of tenders, and at which tenders are to be opened

12), the provisions regulating cancellation and suspension of electronic reverse auctions addressed in proposed article 47 ter (see para.

Consequential changes to article 32(1) (which refers to withdrawal of the tender before the deadline for submission tenders as being one of the permitted purposes of a tender security), and article 32(2)(d) (which provides for the return of a tender security where the tender is withdrawn before the deadline for submission of tenders) also could therefore be made, as follows, with appropriate commentary in the Guide to Enactment.

Delays in evaluation of bid documents and contract extensions

During the current administration, great importance has been assigned to strengthening the electronic bidding mechanism, given its importance for making bidding transparent and preventing corruption.

(2) (d) The withdrawal of the tender prior to the deadline for the submission of tenders, or of initial tenders in the case of an electronic reverse auction procedure to be carried out in accordance with article 47 bis, unless the solicitation documents stipulate that no such withdrawal is permitted.

Our short term goal for this is to be half the price of solar cells and our longer term goal is to be less than a five year payback.

(g) Article 30 (3) (extension of the deadline for submitting tenders)

1(f) (i) Withdrawal or modification of the tender after the deadline for submission of tenders, or of initial tenders in the case of an electronic reverse auction procedure to be carried out in accordance with articles 47 bis and 47 ter, or before the deadline if so stipulated in the solicitation documents

The Guide to Enactment refers to additional rules and techniques that might be needed, for instance to guard the confidentiality of tenders and prevent opening' of the tenders prior to the deadline for submission of tenders .

(3) Unless otherwise stipulated in the solicitation documents, a supplier or contractor may modify or withdraw its tender prior to the deadline for the submission of tenders, or of initial tenders in the case of an electronic reverse auction procedure to be carried out in accordance with article 47 bis and 47 ter, without forfeiting its tender security.

However, article 31(3) then provides that tenders may be withdrawn prior to the deadline for submission.

(c) The exact time and date of the receipt of tenders can be established

The representative of the Secretary General cautioned against focusing on short term results and reiterated that investment returns should be looked at over the long term as the Fund had long term investment objectives.

Investors tendered 91.2 per cent of the 500 million in bonds due in 2006 and 95.7 per cent of the 600 million in bonds due in 2013.

Consequential changes to paragraph (3) of article 31, which permits the withdrawal or modification of tender securities prior to the deadline for the submission of tenders without forfeit of tender security could therefore be made, with appropriate commentary in the Guide to Enactment.

(j) The place and deadline for the submission of tenders or, if the tendering proceedings are to be conducted by way of an electronic reverse auction pursuant to article 47 bis and ter, the date and time of the opening of the electronic reverse auction.

(e) Ensure that prospective bidders have sufficient time to respond (para. 94)

The Tender Committee unduly delayed bid openings.

Article 28(2) allows the procuring entity to modify the documents at any time prior to the deadline for submission of tenders.

For long term investors, it was acceptable to use standard deviations in risk analysis.

Enacting States or procuring entities may consider that the submission of tenders in non traditional forms would necessitate elaboration of special rules and techniques to guard the confidentiality of tenders and to prevent opening of the tenders prior to the deadline for submission of tenders, and to deal with other issues that might arise when a tender is submitted other than in writing (e.g., the form that the tender security would take).

(f) Only two authorized persons may set or change the time and date specified in the solicitation documents or any extension thereto as the deadline for submission of tenders, and at which tenders are to be opened

At no time in the bidding or post bid negotiation period did any of the Insurance Section personnel attend meetings between the broker and the potential underwriters.

(g) Authorized persons may have access to the tender only after the deadline

The long term investment objectives of the Fund are, first, to preserve the principal of the Fund in real terms and, second, to obtain an optimal investment return over the long term while avoiding undue risk.

Proposed revisions to article 31 of the Model Law, addressing the period of effectiveness modification and withdrawal of tenders, and to article 32 of the Model Law, addressing tender securities

Tender committee

As a result the original lowest bidders were requested to revise their proposals to reflect the manpower levels reflected by the second lowest bidder.

Bidders must be aware how a public institution will assess bids.

The 2004 referendum that had allowed the President to seek a third term did not meet international standards.

The company had been the highest of three bidders for the contract, and the lowest bid was 28,800.

Tenerissimo .

Tenerissimo !

(viii) The conditions under which the bidders will be able to bid and, in particular, any minimum differences in price or other features that will be required when bidding must be improved in any individual new submission during the auction and the time which the procuring entity will allow to elapse after receiving the last submission before closing the auction

Rule 109.2

A study of bidding behaviour in situations where bid rigging is suspected might identify patterns suggesting customer allocation or bid rotation.

The procuring entity shall rank the tenders on the basis of the features of tenders that are not to be presented in the auction in accordance with the award criteria.

The most common procedure was the tendering method (adjudication), in which the contract was awarded to the tenderer offering the lowest price.

Article 32. Tender securities

The competitive bidding process

Avoidance of competitive bidding

(2) At any time prior to the deadline for submission of tenders, or of initial tenders in the case of an electronic reverse auction procedure to be carried out in accordance with article 47 bis, the procuring entity may, for any reason,

Consequently, the winning bid may be simply an established increment below the second lowest bid rather than the lowest responsible and responsive bid.

(e) Article 30 (1) (requirement to fix the place for and a specific date and time as a deadline for submission of tenders)