Financial Regulations · s 333

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s 333Where a tenderer, on being informed of the Government's ac-

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ceptance of his tender, declines to fulfil the tender or seeks some

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amendment to it, the Tenders Board shall be informed without delay.

The matter shall be considered by the Tender Board, and it shall be the subject of a recommendation as provided for in Regulation 331.

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Any tender deposit shall be retained, as its manner of disposal shall be as directed by State Financial Officer.