Bid reception closes on the date and time specified in the competition announcement, which is the bid submission deadline.
The contract term begins from the date of site handover to the investor, as documented in the approved handover report.
The contract term is calculated from the date of the "Property Handover Report" signed by the investor, or from the date of sending the notification in the event of a delay attributable to the investor.
The temporary lease contract term begins from the date of site handover to the investor, as documented in the approved handover report.
A competition is cancelled in several cases: Case 1: The award is cancelled if the investor fails to contact the entity to complete contracting procedures within one month from the date of being notified of the award decision. Case 2: The competition is cancelled if all submitted bids are below the minimum rental value set by the Investment Committee. Case 3: The competition may be cancelled if irregularities or deficiencies are found in the competition process.
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