✨ Radio Frequency Tender Instructions
18 MAY NEW ZEALAND GAZETTE 1691
24 In the event that there are two or more equal highest bids,
the successful tenderer will be determined randomly. That
tenderer will be required to pay on the basis of the amount of
the losing bid(s), that is the same amount the tenderer bid. In
the event that there is only one bid for a particular lot, the
next highest bid defaults to zero, and therefore nothing is
payable. In the event that the next highest bid is actually
zero, the successful tenderer will pay nothing.
25 In the event of the failure of the successful tenderer to
provide payment in settlement in relation to a lot as required
above, the next highest tenderer will be offered the lot. The
amount required to be paid in this instance will be based on the
amount equivalent to the next highest bid (in this instance, the
third highest bid) for the relevant lot. The lot in question
will continue to be offered in this manner until payment is
received. If no payment is received, the lot in question will be
re-tendered at some later date.
26 In the event that results are determined in accordance with
the provisions of paragraph 38(d), the successful tenderer will
be required to pay on the basis of the amount equivalent to the
next highest bid.
27 Each successful tenderer will be invoiced for any amount
payable in settlement shortly after the tender has satisfied
the Secretary that no clearances or authorisations under the
Commerce Act 1986 are required OR any necessary clearances or
authorisations under the Commerce Act 1986 have been produced.
In the event that a deposit paid by a successful tenderer exceeds
the amount payable in settlement by that tenderer, a refund will
be made shortly after the names of provisional successful
tenderers have been published. Full payment in settlement must
be received by the Manager, Finance, Communications Division,
Ministry of Commerce, in Wellington within 10 (ten) working days
of the date of the invoice. Payment must be made in New Zealand
dollars by way of a currently dated bank cheque made payable to
the Ministry of Commerce. Personal or company cheques are not
acceptable.
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VUW Te Waharoa —
NZ Gazette 1990, No 79
NZLII —
NZ Gazette 1990, No 79
✨ LLM interpretation of page content
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Call for Tenders for Radio Frequency
(continued from previous page)
🚂 Transport & CommunicationsRadio Frequency, Tender, Bidding Instructions, Deposits, Interest, Settlement