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Section 13: Bar against revocation of bid

The Telangana Forest Contract (Disposal of Forest Produce) Rules, 19777State Rules of Telangana · 1967

the bid once given is final and cannot be revoked and highest bidder shall be bound to accept the contract if the orders confirming the bid are communicated by the competent authority under rule 14(I) within a period of thirty days from the date of sale. The date of communication for this purpose shall be the date of dispatch of confirmation orders by the competent authority:

Provided that if the bid is revoked within the period of thirty days the Earnest Money Deposit and other amounts paid, if any, shall be forfeited to the Government and the unit is liable to be resold at the risk and loss of the highest bidder.

7

PART-III Confirmation of the bid and securing compliance with the terms of the contract

Where this provision sits

ActThe Telangana Forest Contract (Disposal of Forest Produce) Rules, 19777
Section13
Marginal noteBar against revocation of bid
JurisdictionState of Telangana
StatusIn force as published by the source

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