Legal Question in Business Law in India
can a tender be withdrawn after bids have been received?
(please include a case law relating to the question in your answer)
Asked on 2/25/14, 8:42 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
26.02.2014
Dear Sir / Madam,
Yes, the terms of reference in a tender normally provide for withdrawal anytime before the final allotment of the bid to the selected bidder.
Regards,
Answered on 2/26/14, 7:26 am
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