COST OF BIDDING..............................................................................................................8

7. CHANGE IN OWNERSHIP

By submitting the Bid, the Bidder shall be deemed to have acknowledged and agreed that in the event of a change in control of an Associate whose Technical Capacity and/ or Financial Capacity was taken into consideration for the purposes of pre-qualification under and in accordance with the RFQ, the Bidder shall be deemed to have knowledge of the same and shall be required to inform KITS forthwith along with all relevant particulars about the same and KITS may, in its sole discretion, disqualify the Bidder or withdraw the LOA from the Selected Bidder.

8. COST OF BIDDING

The Bidders shall be responsible for all of the costs associated with the preparation of their Bids and their participation in the Bidding Process. KITS will not beresponsible or in any way liable for such costs, regardless of the conduct or outcome of the Bidding Process.

9. VERIFICATION OF INFORMATION

It shall be deemed that by submitting a Bid, the Bidder has:

1. made a complete and careful examination of the Bidding Documents; 2. received all relevant information requested from KITS.

All queries should be sent by email only to ps@karunya.edu with a copy to madhuganesh@karunya.edu

No phone or postal mail enquires will be accepted.

10.VERIFICATION AND DISQUALIFICATION

KITSreserves the right to verify all statements, information and documents submitted by the Bidder in response to the RFQ.

The bidder has to make available all such information, evidence and documents as may be necessary for such verification. Any such verification or lack of such verification, by KITS shall not relieve the Bidder of its obligations or liabilities.

KITS reserves the right to reject any Bid and appropriate the Bid Security if:

(a) at any time, a material misrepresentation is made or uncovered, or

(b) the Bidder does not provide, within the time specified by KITS, the supplemental information sought by KITS for evaluation of the Bid.

2TPD 190821 Page 8 of 11