Section 46: Period of validity of proposals and extension of period of

validity. (1) The period of validity of a proposal shall start from the date of closing of submission of the proposal and end on the last day of the period of validity of the proposal. (2) A procuring and disposing entity shall determine the period of validity of a proposal taking into consideration the following- (a) the time needed by the procuring and disposing entity to undertake the technical and financial evaluation and negotiations, as appropriate; (b) the time needed by the Contracts Committee to adjudicate the award of contract recommendation; and (c) the time needed by the Procurement and Disposal Unit to prepare the contract and to obtain the required approvals. (3) Where it is necessary, for purposes of completing the requirements specified in subregulation (2), to extend the period of validity of a proposal, the consultant or the consulting firm, as the case may be, shall be requested in writing, before the expiry of the validity of the proposal of the consultant or the consulting firm, to extend the period of validity of the proposal. (4) A consultant or consulting firm shall not, in extending the period of validity of a proposal, change the price or any other item of the proposal. (5) A consultant or a consulting firm may refuse to extend the period of validity of the proposal and where the consultant or consulting firm refuses, the proposal securing declaration shall not be executed.