Q
If the initiator of an unsolicited proposal does not accept the challenge to match the most advantageous bid, he:
-
A
Is blacklisted for six months
-
B
Forfeits bid security
-
C
Has right of refusal without forfeiture of bid security
-
D
Must pay the cost of advertisement
Correct Answer:
C. Has right of refusal without forfeiture of bid security
Explanation:
Rule 37A(3).
