Amendment status not verified — confirm the current text below against the official source.
Speculative bids - The Government Agency or the Local Authority with the approval of the 1[Government] will be entitled to treat the speculative or unrealistic bids as non-responsive and reject the same. By reason of any speculation or unrealistic bid or rejection of such bid, shall not necessarily lead to termination of the bid process. The 1[Government] will prescribe the norms for determining the speculative or unrealistic Bids.