The Contractor shall be at his own expense obtain and maintain for the Company a bid Bond in an amount equal 0.5% of the submitted proposal value Such Bond shall be established as an irrevocable, Certified cheque or unconditional and confirmed Letter of Guarantee or Stand-by Letter of Credit through a First Class Libyan bank or through a First Class European Bank confirmed and advised to the Company through Libyan Foreign Bank (LFB)-Tripoli, or through British Arab Commercial Bank (BACB)-London
Note:
· The validity of the bid bond should be renewed automatically.
· The Bid Bond is rewind to those who were not successful in the tender.
The proposals shall be submitted during the official working hours to the main Tender Committee at the Arabian Gulf Oil company Headquarter- Alkeish- Benghazi- B.O. box 263 the dead line is: (Time: 14:00 P.M Day Tuesday, corresponding to: 31/05/2016 A.D)
Any proposal not complying with the above mentioned procedures shall not be accepted, i.e. any offer which does not comply with such tender, or not clearly reflects the ability of the bidder to execute the work in a required precision ,shall be ignored, and the lower prices shall not be the only standard for winning the bid.
The Arabian Gulf Oil Company has the right to cancel the tender without stating the causes, as well as the Arabian Gulf Oil Company shall not bear any expenses incurred by the participant after the tender cancellation, taking into account that all offers and the attached document submitted by the participant in this tender will be owned by the Arabian Gulf Oil Company,
For any inquiries, please, contact the main tender committee secretariat on the following address:
The Main Tender Committee–Office No.(4)-New building- The Company's main headquarter - Alkiesh- Benghazi – Libya - P.O.box:263
Fax No.:218-61-2229006
Tel. No.: 218-061—2228931-44 –Ext.: 3883
E.mail address: mtc@agoco.com.ly
Note: All correspondence shall be addressed to the chairman of The Main Tender Committee of the Arabian Gulf Oil Company.
(Source: NOC)
(Tenders image via Shutterstock)
