(1) The validity period of a bid shall be as specified in
the bidding documents.
(2) The period as referred to in Sub-section (1) shall commence from the
deadline for the submission of bids.
(3) Notwithstanding anything contained in Sub-section (1), the Public
Entity may, if so required to extend the validity period of bids after the opening
of bids, extend the validity period of bids as required assigning the reasons for
the same.
(4) In extending the validity period of bid pursuant to Sub-section (3),
consent of the concerned bidder shall have to be obtained.
(5) A bidder who agrees to extend the validity period of his/her/its bid
pursuant to Sub-section (4) shall correspondingly extend the validity period of
bid security.
(6) The bid security of the bidder not providing consent pursuant to Sub-
section (4) shall be returned.