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.
A Direct Leasing opportunity is referred to the Investment Committee when it is of the "Previously Announced Opportunities" type, for valuation and committee member decisions.
When the new Direct Leasing opportunity involves service-related activities.
An investor is considered in default if more than 45 days have elapsed since the due date of any outstanding payment installment.
On the announcement date previously set by the Investment Services Specialist and the Investment Services Manager.
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