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Page 4 of 12ANNEX B GENERAL TERMS AND CONDITIONS: 1. BID/PRICE QUOTATION VALIDITY. Bids/Price Quotations should be valid for sixty (60) calendar days counted from the deadline of submission of bids/quotations.

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How to fill out bidprice quotation validity

01

Look for the bidprice quotation validity section in the form provided.

02

Write the date until which the bidprice will remain valid.

03

Make sure to fill out the information accurately.

04

Verify that all the required fields are completed before submitting.

Who needs bidprice quotation validity?

01

Organizations that issue requests for proposals (RFPs) or invitations to bid.

02

Suppliers or vendors participating in a competitive bidding process.

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What is bidprice quotation validity?

Bid price quotation validity is the period for which a quoted price is considered valid and binding.

Who is required to file bidprice quotation validity?

Any bidder or supplier participating in a bidding process is required to provide bid price quotation validity.

How to fill out bidprice quotation validity?

To fill out bid price quotation validity, a bidder must specify the period for which the quoted price will be valid.

What is the purpose of bidprice quotation validity?

The purpose of bid price quotation validity is to ensure that the quoted price remains stable and valid for a certain period, preventing sudden price changes.

What information must be reported on bidprice quotation validity?

The bid price quotation validity should include the start and end dates for which the quoted price will remain valid.

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