I/We hereby irrevocably waive any right which we may have at any stage at law
or howsoever otherwise arising to challenge or question any decision taken by the Authority in connection with the selection of the Bidder, or in connection with the Bidding Process itself, in respect of the above mentioned project and the terms and
In the event of my/ our being declared as the Selected Bidder, I/We agree to enter
into a Concession Agreement in accordance with the draft that has been provided to me/us prior to the Bid Due Date. We agree not to seek any changes in the aforesaid draft
and agree to abide by the same.
I/We have studied all the Bidding Documents carefully and also surveyed the
[project highway and the traffic]. We understand that except to the extent as expressly setforth in the Concession Agreement, we shall have no claim, right or title arising out of any documents or information provided to us by the Authority or in respect of any matter arising out of or concerning or relating to the Bidding Process including the award of
The [Premium / Grant] has been quoted by me/us after taking into consideration
all the terms and conditions stated in the RFP, draft Concession Agreement, our own estimates of costs [and traffic] and after a careful assessment of the site and all the
conditions that may affect the Bid.
I/We offer a Bid Security of Rs.
only) to the
Authority in accordance with the RFQ Document.
The Bid Security in the form of a Demand Draft/ Bank Guarantee (strike out
whichever is not applicable) is attached.
I/We agree and understand that the Bid is subject to the provisions of the Bidding
Documents. In no case, I/We shall have any claim or right of whatsoever nature if the
Project/Concession is not awarded to me/us or our bid is not opened.
I/We hereby submit our Bid and [offer a Premium in the form of
of days in words) after COD for start of Premium payment as share of the Authority / per cent (in words) of the gross revenues of the Project as share of the Authority/ require a
Grant of Rs._____________(Rupees____________________________only) (Strike out whichever is not applicable) for undertaking the aforesaid Project in accordance with the Bidding Document and the Concession Agreement.
I/We agree to keep this offer valid for 20 (one hundred and twenty) days from the
Bid Due Date specified in the RFP.
I/We agree and undertake to abide by all the terms and conditions of the RFP