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Award Notices and Contract Signing Timelines

Published: Published on Zhilianhai

Typical sequence

StageWhat usually happens
AwardNotice issued to the successful bidder
StandstillA short period for challenges
SignatureContract executed by both parties
GuaranteesPerformance security issued
MobilisationAccess, deposits and kick-off

Keep it moving

  • Prepare contract documents before the award, not after.
  • Have guarantees arranged in advance so they can be issued quickly.
  • Agree the kick-off date at signature, not later by email.

Timelines are governed by the tender rules. Confirm the required sequence with the issuer.

Information is provided for initial research. Verify specifications, pricing, policies and standards against the original source before making decisions.

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