Annexure 16 — GOODS_MANUAL

Annexure 16: Format of Revised Offer in Negotiations (Refer Para 7.6.9-6-d)) Revised Offer in Negotiations (On company letterhead) From…………………………………………………………………………………. Full address………………………………………………………………………… To ................................................ Sir, Sub: Tender No ---------------- opened on --------------for the supply of ------------------------- Ref: Your invitation for negotiations no: dated: 1. On further discussions with your representatives on ………………….in response to your letter no ……………………………….. dated …………….. We are not prepared to reduce the rates already quoted in the original tender, which will remain valid up to………………………………. Or 1. I / we reduce my/our rates as shown in the enclosed schedule of items. 2. I / we am/are aware that the provisions of the original tender document remain valid and binding on me. 3. I/we undertake to execute the contract as per the following Schedule......... 4. I/we agree to abide by this tender on the revised rate quoted by me/us; it is open for acceptance for a period of 120/180 (one hundred twenty to one hundred eighty) days from this date, i. e., up to …………………………. and in default of my/our doing so, I/we will forfeit the earnest money deposited with the original tender/ attached herewith. Eligibility as valid bidders shall be deemed to be the consideration for the said forfeiture. Yours faithfully, Signatures of the bidder or officer authorised to sign the bid. documents on behalf of the bidder