BID SECURITY DECLARATION- "In case my/our claim to exemption from submission of bid security/ Earnest Money Deposit is not found valid as per terms of the tender, I/we understand and accept that Railways has unquestionable right to summarily reject my bid and my offer shall not be considered for ordering. Further, l/ we hereby understand and accept I/we withdraw or modify my/our bids during the period of validity, or If l/ we are awarded the contract and on being called upon to submit the Performance Security / Security Deposit, fail to submit the Performance Security / Security Deposit before the deadline defined in the request for bid document/Notice Inviting Tender, I/we shall be debarred from exemption of submitting Bid Security/ Earnest Money Deposit and Performance Security / Security Deposit for a period of 6 (six) months, from the Date l/ we are declared disqualified from exemption from submission of EMD/SD, for all tenders for procurement of goods issued by any unit of Indian Railways published during this period".