Entire Section

  • TKO 11.2.5 TKO 11.2.5

    A Bidder must not allow or declare its Bid (whether revised or not) to become unconditional as to acceptances after midnight (Dubai time) on the 67th day after the day the initial Bid Document was posted.


    Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]

    • TKO 11.2.5 Guidance

      The DFSA may waive or modify the application of these Rules if it is satisfied that circumstances are appropriate. See TKO Chapter 16 of these Rules. Note that a waiver of TKO Rule 11.2.5 will normally only be granted:

      a. if a competing Bid has been announced (in which case both Bidders will normally be bound by the time-table established by the posting of the competing Bid Document); or
      b. if the Governing Body of the Target consents to an extension.

      Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]