###Human: "3.4. Currencies of Bid and Payment
3.4.1. The currency of bid and payment shall be quoted by the bidder entirely in Indian 
Rupees. All payments shall be made in Indian Rupees only.
3.5. Bid Validity
3.5.1. Bids shall remain valid for the period of 60(sixty) days from the date of opening 
of the bid as specified in the NIT. A bid valid for a shorter period shall be rejected 
by the Employer as non responsive.
3.5.2. In exceptional circumstances, prior to expiry of the original bid validity period, 
the Tendering Authority may request the bidders to extend the period of validity for 
a specified additional period. The request and the responses thereto shall be made 
in writing or by e mail. A bidder may refuse the request without forfeiting its bid 
security. A bidder agreeing to the request will not be required or permitted to 
modify its bid, but will be required to extend the validity of its bid security for the 
period of the extension and in compliance with Clause 3.6 in all respects.
3.6. Bid Security
3.6.1. The Bidder shall furnish, as part of his Bid, a Bid Security for an amount as 
detailed in the Notice Inviting Tender (NIT). For e tenders, Bidders shall remit the 
Bid Security using the online payment options of e-Procurement system only. 
Bidders are advised to visit the Downloads section of e-Procurement website 
www.etenders.kerala.gov.in for State Bank of Travancore or by using NEFT 
facility. Bidders opting for NEFT facility of online payment are advised to exercise 
this option at least 48 hours before the last date of bid submission to ensure that 
payment towards Bid Security is credited and a confirmation is reflected in the eProcurement system. The online NEFT remittance form provided by e-Procurement 
system for making a NEFT transaction is not a payment confirmation. 
PRICE (Printed On: 2024-01-04 11:15:17.632) page 7
Local Self Government Department
PWD/NIC/SBT/KSITM shall not be responsible for any kind of delay in payment 
status confirmation.
3.6.2. Any Bid not accompanied by an acceptable Bid Security shall be rejected by the 
Employer as non-responsive.
3.6.3. The Bid Security of the unsuccessful Bidder shall become refundable as promptly 
as possible after opening of Price Bid and finalization of the tender.
3.6.4. The Bid Security of the successful Bidder will be discharged when the Bidder has 
furnished the required Performance Guarantee and signed the Agreement.
3.6.5. Waiving of Bid Security is allowed in respect of organizations, which are 
exempted by Government to that effect. In this case, the bidder shall produce copy 
of Government order showing exception in remittance of bid security while 
participating in the tender process.
3.6.6. The Bid Security may be forfeited:
a) if the Bidder withdraws the Bid after Bid opening during the period of Bid 
validity including extended period of validity; or
b) if any modification is effected to the tender documents or
c) in the case of a successful Bidder, if the Bidder fails within the specified 
time limit to:
i. sign the Agreement; or
ii. Furnish the required Performance Guarantee or
iii. If the bidder fails to convince the Employer about the 
reasonability of his bid prices in the case of an unbalanced 
bid.
d) In such cases the work shall be rearranged at the risk and cost of the selected 
bidder.
3.6.7. The Bid Security deposited with the Employer will not carry any interest." Till what time bid would be valid ###Assistant: The bid would be valid till Bids shall remain valid for the period of 60(sixty) days from the date of opening of the bid