econd edition 1994FIDIC is the Imernational Federation of Consulting Engineers comprised of ‘National Associations whose members comply with FIDIC's Code of Ethics FIDIC was founded in 1913 by three national associations of independent consulting engineers within Europe. The objectives of forming the federation Were to promote in common the professional interests of the menber associations and to disseminate information of interest to members of its component national associations. Today FIDIC membership mnumbess $7 countries from all parts of the globe, representing most of the independent consulting engineers in the world. FIDIC arranges seminars, conferences and other events in the furthenince ofits goals: mainteriance of high ethical and professional standards; exchange of views and information; discussion of problems of mutual concern among member associations and representatives of the international financing institutions; ant development of the engineering prafession in developing countries. FIDIC publications include proceedings of the various conferences and seminacs. information for consulting engineers, project owners and international Sevelopment agencies, Standard pre-qualification forms contrect cocumen's an Gticaydonsulane agrecenents. They are available from the FISIC secetnat in Switzerland. ©Copyright FIDIC 1994 All rights reserved. ‘No part of this publication may be reproduced or transmitted in any form or by any means without permission of the publisher. Published by Federation Intemationale des Ingénieurs-Conseils (FIDIC) P.O. Box 86 1000 Lausanne 12 Switzerland Phone +41 21 6344411 Fox +41 216535432‘Tendering Procedure Second edition 199410 3.0 40 Contents Foreword Acknowledgements Introduction Procedural Flowchart Procedure and Notes Project Strategy 1.1 Rstablishment of Praewemeat Method und Form of Tendering 1.2. Preparation of Programmes Prequalification of Tenderers 2.1 Preparation of Prequalification Documents 2.2 Invitation to Prequalify 2.3 ° Issue and Submission ‘of Prequalification Documenss 2.4, Analysis of Prequalificaion Applications 25° Selection of Tenderers 26 Notification of Applicans Obtaining Tenders 3.1 Preparation of Tender Dicuments 3.2 Issue of Tender Documents 3.3 Visit to Site by Tenderes 3.4 Tenderers’ Queries 3.5 Addenda lo Tender Documents 3.6 Submission and Receiptof Tenders Opening of ‘Tenders 4.1 Opening of Tenders Page B Is 15 16 16 16 18 6 % n a B Et)3.0 60 BAe Evaluation of Tenders 5.1 5.2 5.3 54 Review of Tenders Tenders containing Deviations Adjudication of Tenders Rejection of all Tenders Award of Contract 6.1 _ Issue af Letter of Accepiance 62 Performance Security 6.3. Preparation of Contract Agreement 64 Notification of Unsuccessful Tenderers Appendices ‘Models for Implementation of Projets Prequalification Form for Contactors Form of Tender Security Pare 31 31 2 3 38 3% 0 0 39 41 arForeword ‘The Intemational Federation of Consulting Engineers (FIDIC) published the first edition of Tendering Procedure in 1982. The first edition primarily addressed procedures which FIDIC retommented for the selection of tenderers and the preparation and evaluation of enders for civil engineering contracts. The document reflected the provisions of the then current (third edition) of the FIDIC Conltons of Contract (Intemational) for Works of Civil Enginesring Corstruction. Following the publication of the 4th edition of the Cendtions of Contract for Works of Civil Engineering Construction and the Sd edition of the Conditions of Coniret for Bectcal and Mechanical Works in 1987, and tuking into account curent thinking of the major international financing institutions (IIs) FIDIC decided to review and up-date the 1982 edition, reflecting caren practice inte industy. In view of the wide acceptance anal acknowledged usefulness ofthe frst edition, it was further decided to retain, as far a possible, the basic Jayour and formnt in order that uses of the document would still be familiar with the procedures described, Much of the up-dating work fas involved modification of terminology and procedures to make the document equally applicable in respect of both civil works and electrical and mechanical projets In addition, he document more Closely reflects the procedures recommended by she IF ls, and draws attention to those areas where de IF provisions are manéatory. ‘The document provides a fresdom and fexibilty which isnot found in all similar docurnents. This means tht th procedures deserbed can be Sdapted and used in conjunction with for sxample, procedures normally adopied by employers or procedures required by the IFIs. Users should however be aware of the prevailing requirements and/or restrictions introduced when using parallel procedures and casuce at all mandatory provisions of such procedures are properly ncoponted. A useful addition to be found in this new edition is the first chapter entitled Project Strategy, which provides guidelines and practical suggestions on how to establish an elfectve and appropriate method for project procurement, This chapter is supported by 4 new appendix (Appendix 1) which shows, in tabular fowm, tre diferear models ‘commonly used for projeet implementation, FIDIC believes that the new edition provides a comprehensive end complete procedure, compatible with other recognised tendering procedures, which will encourage and entance the ultimate objestive of receiving responsive and competitive tenders,Acknowledgements FIDIC extends special thanks to Lars Holten Peteren and Carsen Petersen of Carl Bro Group A/S, Deomast, for acing as principal dcafiers of this document. This contribution toFIDIC andthe profession is highly appreciated. ‘The draft was reviewed initially by Hans Kristensen of Sweden and ‘Tom Knott of the UK and subsequently by the World Bank and the Intemational Bar Association, all of whom provided valuable ‘comments: “The preparation was carried our under the general ciecsion of the FIDIC Contracts Committee comprising K.B. (Tony) Nonis, Conuling Engineer, UK: Michael Mortimer-Havvkins of SwedPower AB, Swecen; and John Bowcock of Sir Alexander Gibb & Parers Lid. UK. FIDIC wishes to record its appreciation of tie time and effort devoted by all the above. ‘The ultimate decision on the form and content of the document rests vith FIDIC.Introduction ‘This document presents a systematic approach for tendering and awarding of contacts for international construction projects. It is intended to assist the employer/engineer to receive sound competitive tenders in accordance with the sender documents so that they can be quickly and efficiently assessed. At the same time, an effort has been made to provide the opportunity and inceative to contractors to respond easily to invitations t0 tender for pres which they are qualified to implement. It is hoped that the acioption of this procedure wl minimise tendering costs and ensure that all wnderers receive a far and equal opportunity to submit their offers on reasonable and comparable basis, Experience has shown that for projects involving. inemational tendering, prequalification is desirable since ii enables the employer/engineer to establish the competence of companies submeyuently invieed 4 sender, Tis so i de heres of euneacirs since, if prequalified. they will know that they are competing agains’ a limited number of other firms. all of whom possess the required competence and capability. ‘The model procedure described in de wxt fs accompanied by nows which, for ease of reference, follow exch cause. The noes, in italics, are added to the text in order to expand upon the more important aspects of each clause and. where appropriate. give aliemative courses of action that may have to be considered acconding io crcunstances, The textis illusteated by a flow chart which Follows tis introduction srl serves as A summary. Both the text and the notes have been kept as bref as Possible im order thar the booklet can be essily used as a working document. The procedure ix suitable for tndeing for most lnteomtior! construction works, but it may be adapted to suit the panicular Tequirements occasioned by the size and complexity ofa project, and any special conditions imposed by the clablished procedures of the employer or the financing institutions. It elles goo! earent proce FIDIC recommends its use by employers, enginers, contactor and others involved in the intemational constriction industry. The procedure is relnted to FIDIC’s “Contition of Contact for Works of Civil Engineering Construction’ and “Conditions of Contract for Electrical and Mechanical Works” but can be realy adapted 10 any acceptable contract form.PROCEDURAL FLOWCHARTS RECOMMENDED PROCEDURE FOR THE PREQUALIFCATION OF TENDERERS lof SECTION | EMPLOYEWENGINEER | CONTRACTORS 1.0 1 eantneeacen se | ESTABLISHMENT OF || Spnocuaeenrmernog | | PROJECT STRATEGY — | :FORMOLTHIOENNG 1 T 1 24 * | crane tzquauncanoN ' PREPARATION OF 1) Caren or woreon i 1 | Se taco 1 | |] RAGEPREGUATRCTiON a: ] | | Beimtohdwr aon evoasses | 22 | ees ee eee inviranion To | Soe anienae PREQUALIFY ie | [Sao TESee | 1 2.3 ‘SSemanmonve venruen ne EACH fous eon ISSUE & || Sekcamsarion & srrucruRe SUBMISSION OF PREQUALIFICATION DOCUMENTS {SCURRENT CONTRACT COMMTMENTS | | Eitearion History ACKNOWLEDGE RECEIPT 1 24 || ANALYSE PREQUALIFICATION DATA: ANALYSIS OF || sconeasnown veiune sraveToRE PREQUALIFICATION =| | TEES APPLICATIONS | |S FINANCIAL CAPABILITY | | Saeneeatsumaury 25 SELECTION OF PREPARE LIST OF TENDERERS: TENDERERS 26 NOTIFICATION at OF APPLICANTS i [NOTIFY ALL SELECTED TENDERERS, ete. LIST OF TENDERERSRECOMMENDED PROCEDURE FOR OBTAINING TENDERS SECTION | EMPLOYER/ENGINEER, f TENDERERS 3.1 PREPARATION OF TENDER DOCUMENTS PREPARE TENDER DOCUMENTS LETTER OF INVITATION TO TENDER (STRUGTIONS TO TENOENERS INDITIONS OF CONTRACT FORM OF TENDER AND APPENDICES DRAWINGS ‘euLor qUANTITIEE {SCHEDULE OF ADDITIONAL INFORIMATION. “irFORMATION ATA of m1" 3.2 1 = ISSUE OF TENDER | | isSUETENDER DOCUMENTS TO DOCUMENTS ‘CONTRACTORS ON LIST OF TENDERERS. sexmomense cert 33 VisIT TO SITE BY TENDERERS Seiissre | re jae TENDERERS' QUERIES ' a ' A) resvane Rees COnrespoNDENCE ' METHOD { Le : B) weonwsreNoenens presence mest rei 8) i ‘SUBMITTED IT WRETING TENDERERS' ' [REPLIES TO QUERIES RAISED CoAFERENCE CONFERENCE i METHOD ' TENOEReKS 7 (3s ‘ | BORER 1G ISSUE ADDENGA CLUDING REFLIES TO TENDER DOCUMENTS | Guies70'A Tewberens (oe! | | ; | T T 1 3.6 Wi ara ora — = | SUBMISSION AND. al| eee eee AT TENDERS RECEIPT OF TENDERS ACKWOWLEDGE RECEIPT OR RETURN UNOPENED TENDERS RECEIVED LATERECOMMENDED PROCEDURE FOR THE OPENING AND. EVALUATION OF TENDERS of I SECTION EMPLOVER/ENGINEER : TENDERERSICONTRACTOR \ r t i | aa | | rexosroremncey ' | OPENING OF | | Roeticon restacreo ores | | eee | | SRiMeUnCEANO Recon Wenanesor | | | | “Tnberexs an pnices, NcoI arponaucrsraci | fees SORACTERNATVE TENDERS F orn ED | | Rrenomate | 1 | + AituoUNeE NO Recono NawES oF | | “Taberenstr any asqualiteb oueTo || Gnrornencauuval orteners | | t wv i 1 54 | | sraaush comonnar ato ; Evie W OF |) Suet SPrenocat + ROECT SUBSTANTIAL UNRESTONSVE TENDERS | TExoae \ a : = —_—_—— TENDERS CONTAINING | | Eystuosoeuenons seek St DEVIATIONS 1 |Leertoaes 52 i. . | ADJUDICATION OF TENDERS sa REJECTION OF ALL TENDERS, Seen 6.0 AWARD OF CONTRACT 64 ISSUE LETTER OF ACCEPTANCE 62 PERFORMANCE SECURITY 6.2 PREPARATION OF CONTRACT AGREEMENT 64 NOTIFICATION OF UNSUCCESSFUL TENDERERS ISSUE LETTER OF ACCEPTANCE Aciromnanst cer OBTAIN PERFORMANCE SECURITY FROM CONTRACTOR [PRERARE CONTRACT DOCUMENTS SIGNING OF CONTRACT ae eas a secur PROVE PFoMNeICE <— seam ocr1.0 2 Procedure and Notes PROJECT STRATEGY Establishment of Procurement Method and Form of Tendering In the context of this document the word “project” covers all the sages fiom the initial idea to construct a given physical asset jo the fil taking-over by the employer of the completed work, Projects. may be organized and implemented in acconance with different strategies. A brief description of some of these is given in Appendix I. Which strategy is best suited for the purpose depends on, axample, the nature and complexity of the piojeu. ihe wens finance, life cycle costs of the project, the teclinieal and adninisratve capability of the employer and the general political and ecowome ‘The project strategy defines the way in which the project will te implemented, determines the role of each party involted and, where appropriate, specifies the way the project will operatc. oa lage degree contractual relationships between the parties and their individual rights duties and risks are thereby also determined by the project states) At the implementation stage of a project, tendering serves a a method to ensure that the work is procured at competitive lerms, The choice of strategy is a major decision which hus ferreshing consequences. Once a strategy has heen settled it is of geet importance shatit be followed throughout the implementation of the project. Lack uf strict adherence to the strategy may lead to flaws in the procurement process, resulting in claims, disputes and extra costs for ill comcemed, Any part of a project which can be covered by a separate contract may in principle be made subject to tendering. As soon as the project stratezy has been deciced, the employer, sisted by his engineer, should establish procurement methods an forms of tendering to be used in the project. ‘The procurement method and forms of tendering are established by etermining. i) The parts of the project for which tenders are to be sought, It is importane that the scope of a particular conwact ix clearly defined and that imerfaces with other parts of the projec are accounted for.A contract may comprise design, delivery of plant and machinery, construction oF a combination ofthese. ‘The conditions of contraet to be adopted. Only widely recognized standard condition: of coniract whick specifically cover the works and services t0 be rendered by the coneractor, should be sed. iit) The award criterie, The award criteria should cover all elements ov which te employer wishes the tenderers to compete. The factors other than price to be wsed inthe eward criteria shoud 10 the extent practicable le expressed in moneiary terns, The award evitavia may include conte, qualitylperformance, tine, ingenuity end environmental effects, dnd it muy be necessary 10 apply weightings to each criterion to reach o basis which will be used when evaluating the tenders iv) The tendering procedure, This document coniains what FIDIC regards as a fair and systematic approach for obiairing and evaluating tenders. The haste procedure described in this documest can be wed for tendeting for all types of contracts in connection with international and domestic construction projects v) Theériteria which shall be used o prequalify renderers in principle. prequalification should always be carried out to ensure that only those who are qualijed to uaderiake the work imest resources in the preparation of o tener Once these basic preconditions have been determined and agreed between the employer and his engineer, te planing of when and how the tendering can be carried out may commence. Ii, for unforeseen reasons, changes in principle and firm have to be made ata later stage in the project the implicaionsof such changes have ta be considered and assessed carefilly, Financing institutions may require to approve the project sree)1.2 Preparation of Programmes ‘The tendering provedure, as described in this document, implies that certain activities have to be carried out in connection with each pat of the project for which a separate tender is to be called. It is important that these activities are cared out in a systematic and timely manner. They should therefore be planned careully and incorporated in the programme for the project, Normally, a preliminary overall programme covering all najoractvtes of the project is prepared in the initial stage of the project. As a minimum, such programme should comprise the main phases of the project, thatis: ~ project definition ~ tendering procedure ~ design construction ~ taking-over and should setablish all milestones of significance in connection with each phase. Calling tenders for a given part of the project should be carried out in compliance with the overall programme. In order to ensure this compliance, detailed programmes should be made for implementing the tendering procedure for cach part of the project. As a minimum, these programmes should specify duraion and deadlines for the following activities in connection with each potential contract. - Preparation of tender documents ~ Preparation of prequalification documents - Prequalification of tenderers ~ Obtaining tenders - Opening of tenders ~ Evaluation of tenders ~ Award of contract, ‘Time should be allowed in each programme for the employer to make necessary decisions and give required approvals, Further information about content and scope of each of these activities is given in the following sections of this document, When preparing the programme for each contract, it is importart 1 ensure that the sequence of activities is such that all necesary dataand informanon are available when each activity is to be carved owt. This applies in particular to the order in which the activites forming “Preparation of tender documents” and “Preparation of prequoalification documents” are carried out. Consideration should begiven as to what extent the ender documents should be prepared and agreed, before the prequalification documents can be finalized and issued. Ths has 1 be decided for cach intanded contact, since key information from the tender documents will often have to be incorporaiedin the prequlifcaion documents in order to give adequate information to those seking prequalfiation. Financing institutions will generally resuire tine for sorting and approval of tender documents. 22.0 24 244 PREQUALIFICATION OF TENDERERS Preparation of Prequalification Documents General Prequalification is recommended 10 ensure that tenders ace sought only ‘from contractors whom the employer/engineer has already established as having the requisite resources and experience to perform the intended work satisfactorily. ‘The aim of prequalification is to establish a list of capable fms whilst ‘ensuring that a proper level of comretition is safeguarded. To achieve these objectives and to give added encouragement for contractors to respond to invitations to tender, no more than seven organisations should be prequalified unless the rules of the employer ot fiancing institnaion atherwise dietatc. It is the policy of some financing institutions thar all applicants who possess the qualifications to perform the proposed couract should be prequalified. Prequalification Documents Prequalification documents should give Information about ihe project, the tendering procedure and the prequalification procedire. They should also specify what data is required from contractors wishing to prequalify. ‘The documents are prepared by the employer/onginoor and will normally include the following: ~ Leiter of invitation to prequalify = Information about the prequalification procedure = Project information ~ Prequalification application The prequalijication procedure should: - Be based on questionnaires. A standard questionnaire wil help fo mainain conformity of information sought, thus making. the responses quicker and cheaper to provide, and a the sane tine making them more readily comparable. = Berelatively simple and yet flexible so as to permit consideration of new organisations. = Take account of both the technical ane ihe financial aspects of projects. - Allow for the updating of information previously provided by contractors to the same employer for an earlier project, hus avoiding unnecessary duplication of effort. = Authorize the employertengincer to seek supplementary information ‘from other sources.In order to ensure orderly and easily appraised responses, the standard prequalification form referred to inAppendis I may be used. ‘The documents should include inte alia the following: ~ Name and address of the emplayer. - Name and address of the enginser. = Location of the project. = Description of the project and scope of work included in the contract. ~ Anticipated programme, indicating the tender period, contact award date, design/consteuetionfeanmssioaing periods and any other relevant key dates. ~ Conditions of contract to be use. - Criteria for evaluation of tends, ~ Criteria for preaualification. = Details of any work intended to be undertaken by nominated subcontrsctor(s). = Anticipated sources of Gnance (cluding any requirement for contractor financing). = Payment arrangements envisaged (including currencies). = Any Bnancial guarantees to be given by contractor. — Whether price escalation arrangements wil be included. = Laniguage and law of the contract. ~ Any aspect of the intended work which is unusual and would thus have a bearing on the contractor's obligations = Charges for purchase of tend docameats, if aplicale. ‘Applicants should also be advised of = The policy of the employer concerning Jomestic preference. ~The attitude of the employer o joint ventures. I-iseeommended that joint ventures should be allowed to prequlify but thatthe subsequent formation of joint venues from amongst prequalified organisations should be controlled as this ceduees the breadth of competition. A prequalified ommisaion should te alowed to strengthen its capability by the subsequent incorporation, durin the tender period, of non-prequaied frm), subject tothe approval of the employer. = The number of copies of pregualifcation applications t be submitted, = The name, address and lates date for receipt of submissions including any particular instruotions for labelling. ~ The language to be used for the submission, = The currency to be used for presenting {nancial information. 422 2.3 Invitation to Prequalify The employei/engineer should publish a novice inviing imerested contractors to apply for prequalification documents, stating hat iender documents will be issued only to a limited number of companiey/oint ventures selected by the employer/engineer as having the necessary qualifications to perform the work satisfactorily. ‘The notice should be published in appropriate: newspapers and joumals to give sufficient publicity according to the particular cicumstances of the project. The notice may also be issued to. financing institution represeutatives, if relevant, and 1o government agencies responsible for foreign trade so that the international community receives timely notification of the propased project and instructions on tow i apply The notice should be reasonably brief and where feasible contain: - Name of the employer. - Name of the engineer. - Location of the project. | Description of the project and scope of work. = Source of finance. = Anticipated programme (i.e, award of contract, completion and any other key dates). = Blenned dates foe iam: oF tensier Goch nd nib Letter of Acceptance and Memorandum of Understaeding - Letter of Intent (if applicable) ~The Tender + Conditions of Contract + Specification - Drawings = Bill of Quantities - and such other documents that are intended to form the contract Although the signing of jor failure to sion) a contract asteemont inex ‘not affect the validity of the contract esabished by the fase ofthe leer ef acceptance, itis very conan for the contactio beformaien itis way. Such formalization may have 4 legal eft wider cera legal systems (e.g. contract under seat). The tae lies wih the cnplser and the contract agreement, if require, should normally be sighed Conjunction with, or shortly after, the iste of thelter of occentoce Notification of Unsuccessful Tenderers Upon the furnishing of the performmes seouity by the successful tenderer in accordance with the provisions of the concitions of contact, the employsr/engincer should prompily notify ihe other tenderers in waiting that their tenders have been unstccesfil At the same time. if tender securities have buen provided by tenderers, the employer/enginoer must arrange for the setum of such securities 10 the unsuccessful tenderers, nee ‘TENDERING PROCEDURE MONELS FOR IMPLEMENTATION OF PROJECTS ‘nino sarounce | Teme naa anorpesmanens eam | ‘Ben orerspesomicens| AWARD CATER ae eee he ‘mca ron se oven evatuatno aus 00" Data ei ase eta ‘ as imi ees oe il ese omataD | “0 a ee ee Se. ewe ‘Seen eb Dever aunoreare ap | ouwor> Siem memarind — | « ermine 1 tna ea ee | er tere ‘ch pe ‘stem to eae iio. tub asomeare | rao” Stas eplenen st | gaint seuse | 6 Site dies Seinen fet yas utes |” pra leapencage | XIGNAddV "The waa erie i to Be devermiaedl bythe employerAPPENDIX Il Standard Prequalification form for contractors coniprising pages: Title page Notes to applicants Structure and organisation 1 Structure and organisation 2 Financial statement Joint Venture Resources: personnel 1 Resources: personnel 2 Resourtees plane Risdenties etic Experience: geogr: CASA g ot Awe Experience: relevant projects completed Experienec: all projects in progress 2&5 Additional information comprising i.a. ~ Quality Assurance Systems ~ Environmental Policy + Litigation History Note: Supplies of this form are available in A-t size from FIDIC Secretariat, P.O. Box $6, 1000 Lausinne 12, Switzerland. Tel. +41 21 654 44.11, Telefax +41 21 653 432 arBidic oo > Standard Sp prequalification form => for contractors Standard Prequalification form tor contractors Notes to applicants ‘Structum and organisation { 2 Gapintor pun mpm ne om pean‘Structure and organisation 2 Financial staloment eee ee ee , ——_ Ee ie Joint Venture Resources: pewsonnel 1 eee ae he 8Resources: contacta’s equipment and facies ay Een Experione: geographicalree cmon Experience: relevant projects completed Ra ‘amnesty Experience: all projects in progress | ee ai ea eco ee ; 4sAPPENDIX Ill FORM OF TENDER SECURITY By this Bond We, (Giereinafter called “the Tenderer") and We (aime of mak or insrance company) whose registered office s at (hereinafter called “the Surety”) are held and firmly bond uno (vereinafir called “the Autocity") in the sum of. for the payment af which sum the Tenderer and the Susy Bnd ima Beir aaceane ad assigns jointly and severally by these presents. ‘Whereas the Authoriy his invited the Tenderer and ote geson to complet tends ins ‘terms forthe constractionsupply andl instalation of snd works astoclated therewith (Rereiaafier called “the Works") and to submis Forte consideration of the, Autboriey, sist Une Tenuleces imiqmes sub the Aumont test (hereinafter tailed “the Tender") in accordance wih sch mvitson. hit Eoad sll rove Security o the Author‘ty vit the Teerer Will hong cea igsiosto be aneaken oy it inthe Tender in accordance with the following condition, Now the Conditions of this Bond are: ‘4 that ic shall remain in full force and effect until theca of |. {atace), detng | 1 days from [subenission dat) he dte sila bythe Autry oc the submission of tenders, or any prolonguion o soc dat above need tothe ‘Aumory by the Tendarer ang he Surety Uwiing li. in the event of acceptance of the Tender by te Autos, be dak yp wich the “Tonderer provides a performance sevurity wile Aubuhiy itacoduee eal sts Of the cantiact thereby made between them, 9 ti Rath SPentO mccepeso ty tae Annet as ae oh Works ronan ary, the date upen whlch such third party providese nevus poromance scl b. subject to this Bond being in full force and eet the Susy sl pay the fll amoust Specified in this Bone upon receipt of a written cecal from the Authasy seta that i. the Tenderer has withdrawn his Tender durin the lity of is Bnd the Tenderer fas ‘failed to provide a pexfnmance eeuriy to the Autry in accordance withthe terms of Re contract between iam upon acepance of he Tender No alieration inthe vers ofthe Tender, nor any torbearnceo:fongvens in rin espe ary matter or thing conceming the Tender an ihe part of le Aur, nr ay sbjecton frm the “Tenderer shall in iny way release tte Surety from any libily unde his Bond ‘The benefit of this Bond shall not be assignable by the Antorty ané up is easing to ben full force and effect the Authority shall return the same to the Tenderer. ‘Tais Bond shall be governed by the tases of [ i Executed asaDeed this Jdayof| 19 Forard on beluit ef the Tenderer Fond unbeh ofe Sury Signed by Signy inthecapacity of in heey af aod ty inthe capacity of intact Seal (where applicable) Sealtwhew apical) 4