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Message: <blockquote data-quote="Y2K" data-source="post: 17060727" data-attributes="member: 35049">Question 2Consequent to a tender invitation calling for buyers to send tender applications indicating their bids for the waste materials of the Government Timber Corporation. GTC wishes to sell all the waste which is left behind periodically, i.e., monthly or every two weeksDumindu Enterprises, where you are employed is engaged in reproducing articles from timber dust and other waste materials and they want you to make a bid. He wants to know whether they are bound to buy all waste of GTC once they make a bid or whether they can withdraw at any time afterwards. Advise the Owner of Dumindu Enterprises as to what the law on Tenders of this nature is.In the law of contract bid for a tender is regarded as invitation to treat. It is clear states that GTC whishes to sell all the waste which is left behind periodically. Dumindu Enpterprises can bid for the above work clearly states their requirement / condition, but then it will become a counter offer. so GTC has all the rights either to accept your counter offer or reject the offer. Normally Clients ask for a Tender Bond which is for use where a buyer or developer is obtaining tenders for a contract and requires a bond as security against the risk of the successful bidder failing to enter into the contract. A single page document gives the beneficiary the right to call the bond on demand within a specified period and for a maximum specified amount. </blockquote>

Verification: Nawa warak dahaya keeyada? (Namaya wadi kireema dahaya)

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