SECTION 101

(1) The award of any contract shall be materialized by a decision of the Project Owner or the Delegated Project Owner and notified to the successful bidder within 72 (seventy-two) hours of its signature. (2) The Project Owner or the Delegated Project Owner shall, from the date of receipt of the final award proposal of the relevant tenders board, have 5 (five) working days within which to sign the award decision and publish the results, save in case of suspension of the procedure. (3) The Project Owner or the Delegated Project Owner shall publish the tender results in the Public Contracts Logbook of the public contracts regulatory body, stating the bid amount and the contract execution period. (4) The successful bidder shall have 15 (fifteen) working days with effect from the date of receipt of notification to register the contract or jobbing order. Beyond this deadline, the Project Owner or the Delegated Project Owner shall reserve the right to cancel the award decision after a formal notice issued to the successful bidder remains unheeded. In that case, the bid bond shall be forfeited and the contract awarded to the second-placed bidder. (5) Unsuccessful bidders shall be requested to withdraw their bids within 15 (fifteen) working days, except for the successful bidder, where applicable. Bids that are not withdrawn within this period of time may be destroyed without any grounds for complaint. (6) Upon publication of the contract award results, the Project Owner or the Delegated Project Owner shall forward a copy of the evaluation report to each bidder who so requests.