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Delay on Contract Signing

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Delay on Contract Signing

Post by Berna on Mon Jan 17, 2011 9:41 am

Due to unforseen event, we have to delay the contract signing for an awarded project...the bidder had submitted the performance security...we have reached na the 10-day period...please help
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Berna
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Re: Delay on Contract Signing

Post by RDV @ GP3i on Mon Jan 17, 2011 2:13 pm

Dette wrote:Due to unforseen event, we have to delay the contract signing for an awarded project...the bidder had submitted the performance security...we have reached na the 10-day period...please help

If contract could not be signed within 10 c.d. from issuance of NOA, so long as justifiable and the bid and the bid is still valid (specially since performance security has already been posted) and the intention is still to sign the contract, I don't see any problem. The problem would be if the procuring entity is deciding against signing the contract despite the issuance of the NOA and the winning bidder having posted the performance security.
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Delay on Contract Signing

Post by Berna on Mon Jan 17, 2011 3:44 pm

RDV @ GP3i wrote:
Dette wrote:Due to unforseen event, we have to delay the contract signing for an awarded project...the bidder had submitted the performance security...we have reached na the 10-day period...please help

If contract could not be signed within 10 c.d. from issuance of NOA, so long as justifiable and the bid and the bid is still valid (specially since performance security has already been posted) and the intention is still to sign the contract, I don't see any problem. The problem would be if the procuring entity is deciding against signing the contract despite the issuance of the NOA and the winning bidder having posted the performance security.

Thank you po...
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Berna
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http://ompassessor.com.ph

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Re: Delay on Contract Signing

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