We have understood that
x
If this is the lowest offer, we are the immediate winner of the business without further negotiation, except in the event that of a tie (more than 1 bidder giving the same offer). In that case, we are to enter a tie-round, and will have to submit a sealed bid again and the lowest offer wins the awarding.
We will lose this project, in case this original document cannot arrive to Bosch (Buyer) in timing required/as scheduled.
The winning supplier commits himself to pass the update pricing (quotation/RfQ rate card) to BOSCH within the next working day after the final awarding.
The winning supplier need to sign the Bosch Agreement after final awarding.
Existing offers and prices remain valid, until improved (lowered) during the awarding process.
Reaching of the reservation price: In the auction there will be a sealed reservation price. If the reservation price is reached, the auction will end. In this case the supplier with the lowest bundled offer from RfQ Phase will be awarded for the business