Terms and Conditions
We hereby agreed that:
1. We have read, examined, understood and signed, the terms and conditions of the auction as mention in auction document and we are binding on the same;
2. We offer to bid in conformity with auction/Tender Document;
3. Our submitted bid shall be binding upon us;
4. We agreed that auctioneer is not bound to accept highest bid in case of forward auction or lowest bid in case of reverse auction;
5. Auctioneer has right to cancel auction at any moment without prior intimation and we shall be bound on the same;
6. We shall not have any rights against the auctioneer/LIPL in case failure of internet connection except as mentioned in the terms of auction documents.