What if the OTP is accepted?
Upon receipt of notification from the CAD Project Authority that the offer(s) is acceptable, SCG will advise the successful bidder(s) of the acceptance of their offer(s) per article 3.3.24 in the statement of work, and seek 10% security deposit. Such deposits will be forwarded directly to the DND Project Authority. The customer will have 30 days to make secure payment arrangements. SCG must charge and account for the Gross Sale Proceeds, and applicable GST/HST and PST on all sales of Surplus Assets. Payments by the purchaser of the amount owing for the Surplus Assets, shall be made by wire transfer deposited directly into a specified Receiver General for Canada account or certified cheque, which shall be mailed to the DND Project Authority.
