Examples of using Tender security in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
(c) Notwithstanding the provisions of subparagraph(b) of this paragraph, a tender security shall not be rejected by the procuring entity on the grounds that the tender security was not issued by an issuer in this State if the tender security and the issuer otherwise conform to requirements set out in the solicitation documents, unless the acceptance by the procuring entity of such a tender security would be in violation of a law of this State;
(c) Notwithstanding the provisions of subparagraph(b) of this paragraph, a tender security shall not be rejected by the procuring entity on the grounds that the tender security was not issued by an issuer in this State if the tender security and the issuer otherwise conform to requirements set forth in the solicitation documents(, unless the acceptance by the procuring entity of such a tender security would be in violation of a law of this State);
should discuss how the combination of participating bidders and a vibrant, competitive market for something fairly standardized and easily available might make a tender security unnecessary and should encourage the procuring entity to ensure participation in the auction by making offers
The purpose of the article is to set out requirements as regards tender securities as defined in article 2( t), in particular as to their acceptability by the procuring entity, the conditions that must be present for the procuring entity to be able to claim the amount of the tender security, and the conditions under which the procuring entity must return or procure the return of the security document.
(g)(With reference to footnote 7) To revise the fourth sentence of paragraph 30 to state that a tender security in the context of a framework agreement should be considered as an exceptional measure and might not be advisable, and to note that, in any event, it might not be possible to obtain such a security in framework agreements because of their nature;
(h) To redraft paragraph 33 to state that the law should not discriminate among tender securities on the basis of their issuer and to explain the practical reasons for including provisions in the Model Law on confirming the acceptability of a proposed issuer of a tender security(e.g. to address difficulties in enforcing securities issued abroad and uncertainty as to the creditworthiness of foreign issuers);
Article 15. Tender securities and Article 16. Prequalification proceedings.
The Working Group noted that tender securities were not often used in ERAs.
The language of paragraph 70 on tender securities should be more positive.
Article 17. Tender securities[**hyperlink**].
It should also cross-refer to article 17 on tender securities.
Article 32. Tender securities.
(f) To delete the words" such as tender securities" from the last sentence of paragraph 42.
The term" tender securities" has nevertheless been retained in the 2011 Model Law to reflect that it is widely used and consistently understood.
Ms. Nicholas(Secretariat) said that it was the secretariat ' s understanding that in some jurisdictions tender securities were regulated separately.
Mr. Grand d ' Esnon(France) said that he objected to the impression created that requesting the provision of tender securities might have a favourable effect on SMEs.
Tender securities are usually important when the procurement is of high-value goods or construction.
The balance could be struck simply by making it clear that in all jurisdictions tender securities could present both advantages and disadvantages.
It was suggested that paragraph 70 should clearly recommend the submission of tender securities by project consortia.
The definition does not intend to imply either that multiple tender securities can be requested by the procuring entity in any single procurement proceedings that involve presentation of revised proposals or bids.