Instructions means instructions of any Authorized Person received by the Bank, via telephone, telex, TWX, facsimile transmission, bank wire or other teleprocess or
electronic instruction or trade information system acceptable to the Bank which the Bank believes in good faith to have been given by Authorized Persons or which are transmitted with proper testing or authentication pursuant to terms and conditions which the Bank may specify. Unless otherwise expressly provided, all Instructions shall continue in full force and effect until canceled or superseded. Any Instructions delivered to the Bank by telephone shall promptly thereafter be confirmed in
writing by an Authorized Person (which confirmation may bear the facsimile signature of such Person), but the Customer will hold the Bank harmless for the failure of an Authorized Person to send such confirmation in writing, the failure of such confirmation to conform to the telephone instructions received or the Bank's failure to produce such confirmation at any subsequent time. The Bank may electronically record any Instructions given by telephone, and any other telephone discussions with
respect to the Custody Account. The Customer shall be responsible for safeguarding any testkeys, identification codes or other security devices which the Bank shall make available to the Customer or its Authorized Persons. Invitation
to Bid or “Bid” shall mean all documents, including those attached or incorporated by reference, used for soliciting bids. Responsive bidder means a person who has submitted a bid that conforms in all material respects
The Bidder means the individual or firm who participates in this tender and submits its bid. Instruction means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.
Examples of Instructions to Bidders in a sentenceFor easy completion, whenever reference has to be made to specific clauses in the Bid Data Sheet or Special Conditions of Contract, these terms shall be printed in bold
typeface on Sections I (Instructions to Bidders) and III (General Conditions of Contract), respectively. Specific details, such as the “ name of the Procuring Entity” and “address for bid submission,” should be furnished in the Instructions to Bidders, Bid Data Sheet, and Special Conditions of Contract. The description of an eligible bidder is contained in the Bidding Documents, particularly, in Section II (Instructions to
Bidders). List of approved Banks is appended at the end of Instructions to Bidders (ITB). Accepted Substitutions prior to Bid Date will be listed in Addenda published in accordance with Advertisement for Bids and the Instructions to Bidders.
More Definitions of Instructions to Bidders
What is included in the instruction to bidders?
Instructions to Bidders means the document which provides interested Bidders with all information needed to prepare their Bids. This document also details out the process for the selection of the Consultant for the work mentioned in this tender document.
Which of these are included in the bidding documents?
Bidding Documents means the bid notices, instruction to bidders, plans and specifications, bidding forms, bidding instructions, general conditions, special conditions and all other written instruments prepared by or on behalf of the Contracting Party for use for prospective bidders on public construction contracts ...
What are the 4 steps in the bidding process?
The Bidding Process. Step 1: Request For Proposals. Product owners or project teams first need to issue a request for proposal (RFP) or invitation to bid (ITB) to initiate the bidding process. ... . Step 2: Bid Preparation Of Interested Parties. ... . Step 3: Bid Evaluation And Selection. ... . Step 4: Contract Negotiation And Awarding.. What are the three types of bidding?
Types of bids include auction bids, online bids, and sealed bids.
| 
