Amendment status not verified — confirm the current text below against the official source.
CaneeUadon of the procurement process.- (1) A procuring entity may, for reasons to be recorded in writing, cancel the process of procurement initiated by it, - (a) at any time prior to the acceptance of the successful bid; or (b) after the successful bid is accepted in accordance with sub- sections (4) and (5). (2) The procuring entity shall not open any bids or proposals after taking a decision to cancel the procurement and shall return such unopened bids or proposals. (3) The decision of the procuring entity to cancel the procurement and reasons for such decision shall be immediately communicated to all bidders that participated in the procurement process. (4) If the bidder whose bid has been accepted as successful fails to sign any written procurement contract as required, or fails to provide any required security for the performance of the contract, the procuring entity may cancel the procurement process after forfeiting the bid security provided by the bidder to the State Government. 1044 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 11 , 2017 ( 5) If a bidder is convicted of any offence under this Act, the procuring entity may,- (a) cancel the relevant procurement process if the bid of the convicted bidder has been declared as successful but no procurement contract has been entered into; (b) rescind the relevant contract or forfeit the payment of all or a part of the contract value if the procurement contract has been entered into between the procuring entity and the convicted bidder. '1.7. Award of contract.- (1) Subject to the provisions of section 25 and sub-section (2) of section 6, the procuring entity shall consider a bid as successful, - (a) where price is the only award criterion, the bid with the lowest bid price; (b) where there are price and other award criteria, the most · advantageous bid ascertained on the basis of the criteria and procedures for evaluating bids as specified in the bidding documents; (c) where there are no financial criteria, the most advantageous bid ascertained on the basis of selected non-financial criteria or other parameters for evaluating bids as specified in the bidding documents. (2) A bid shall be treated as successful in terms of sub- section (1), only after the competent authority has approved the procurement in terms of that bid. (3) As soon as the procuring entity, with the approval of the competent authority, decides to accept a bid, it shall communicate that fact to all participating bidders and also publish the decision on the State Public Procurement Portal. (4) While communicating acceptance of the bid, the procuring entity shall advise the successful bidder to complete the requirements within a specified time for furnishing any performance security in the form of Bank Guarantee or any other Bank instrument and signing of tender agreement and if necessary, conclude the procurement contract. THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 11, 2017 1045 B. Methods