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​​​Unbalanced Bid

  • It was observed that bidders were although quoting overall price as reasonable but there were wide variations in the quote of individual schedules. To overcome this problem a clause has been introduced in ITB as under
  • If for any bill/schedule of quantities %age above or below quoted by the bidder on the estimated price is beyond 10% below the overall % age difference between the quoted contract price and the engineers estimated price, then the price for that particular schedule shall be treated as seriously unbalanced and bidder shall be bound to furnish additional performance security for such unbalanced price.

 
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