The tender should be submitted in (3) three separate envelopes, closed with sealing wax and with the stamp of the bidder, writing clearly the name of the project, the bid number and the name of the participating Body on each envelope .so that it shall contains the following:
§ The first envelope should include a financial proposal (one original + one copy).
§ and the second envelope should include a technical proposal (One original + one copy) .As well as the validity of the proposal shall be three months at least from the date of the closing date stated in this announcement.
§ The third envelope should contain a financial proposal without price. It shall includes the required financial conditions and the method of payment along with the full acceptance of the Arabian Gulf Oil Company's general conditions without any reservations , and considered as a prerequisite to participate in the tender. It shall be submitted in an original and one copy, attached with the preliminary guarantee.
A preliminary guarantee shall be submitted with the bids, in a rate of (0.5 % )of the submitted bid value as a preliminary insurance, by a cheque issued by one of the banks working in Libya . in the name of the Arabian Gulf Oil Company ,valid for (6) six months from the date of submitting the proposal in a separate envelope and closed with sealing wax along with the financial proposal. This envelope should be returned to the bidder who didn't win the bid. Taking into account that all proposals and documents submitted by the contractor shall be the property of the Arabian Gulf Oil Company.
Participants in this tender shall be obliged to submit a good performance insurance" in case of winning this tender" this insurance shall be valid for the period of one year from the date of issuing the final completion certificate .
The Arabian Gulf Oil Company has the right to cancel the tender without giving the reasons for such cancellation, and the Arabian Gulf Oil company shall not bear any expenses incurred by the participant as a result of the cancellation of bid.
(Source: NOC)
