(1) The proposal of the proponent
who has reached to the agreement from the negotiations pursuant to Section 37
shall be selected for acceptance.
(2) Within seven days of selection of proposal pursuant to Sub-section
(1), the Public Entity shall have to serve a notice of the intention of accepting
the proposal to the proponent so selected and to other short-listed proponents.
(3) If no proponent files an application pursuant to Section 47 within
seven days of a notice being served pursuant to Sub-section (2), the proposal of
the proponent selected pursuant to Sub-section (1) shall be accepted and s/he
shall be served a notice by giving a period of fifteen days to come to sign the
contract.
(4) If the proponent attends within the period under Sub-section (1) to
conclude contract, s/he shall have to sign contract under Section 52, and if s/he
does not attend, the Public Entity shall hold negotiations, respectively, pursuant
to Section 37 with the proponent having obtained next higher marks in the case
of a proponent under clause (a), (b), and (c) of Sub-section (1) of Section 35
and with the next proponent having the lowest cost in the case of clause (d) and
conclude contract with such proponent pursuant to Section 52.