- (1.) Decision of the tendering authority to forfeit a part of the bid security is under challenge. The respondent/tendering authority had issued a notice inviting tender dated 29.10.2013 for auction of road side standing trees. The relevant terms of the said tender are as follows:
(2.) Bid shall remain valid for a period of 30(thirty) days after the date of bid opening. In exceptional circumstances the bidder may be requested to extend the bid validity period by Managing Director, WBHDCL. Bid after submission cannot be modified.
(3.) All bids must be accompanied by a Bid security (Earnest money) Rs.3,00,000.00 (Three lac only) in the form of demand draft/BG payable at Kolkata on any nationalized bank or on any scheduled bank in favour of the "Managing Director, West Bengal Highway Development Corporation Limited". Bid security shall be submitted in a separate sealed envelope inside the outer envelope and shall be marked "Bid Security" & also bear the above identification.;