# The Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2015, Regulation 23: Withdrawal

Extent: E+W+S

(1) A bidder, qualifying bidder, preferred bidder, reserve bidder or successful bidder may withdraw from a tender exercise by giving notice in writing to that effect to the Authority.
(2) A bidder or qualifying bidder who has not withdrawn pursuant to paragraph (1) but who fails to submit a qualification to tender questionnaire, a tender or a best and final offer within the date and time specified by the Authority is deemed to have withdrawn from that tender exercise.
(3) Where a bidder or qualifying bidder withdraws from a tender exercise in accordance with paragraph (1) or is deemed to have withdrawn in accordance with paragraph (2), that bidder or qualifying bidder may only be re-admitted to that tender exercise, where there has been a permitted change to the membership of a bidder group incorporating that bidder or qualifying bidder in accordance with regulation 33.
(4) Where a preferred bidder, reserve bidder or successful bidder withdraws from a tender exercise in accordance with paragraph (1), that preferred bidder, reserve bidder or successful bidder must not be re-admitted to that tender exercise.
(5) Where a bidder, qualifying bidder, preferred bidder, reserve bidder or successful bidder has withdrawn from a tender exercise in accordance with paragraph (1) or a bidder or qualifying bidder is deemed to have withdrawn in accordance with paragraph (2), any payment provided to the Authority by that bidder, qualifying bidder, preferred bidder, reserve bidder or successful bidder in accordance with these Regulations, including any interest which may have accrued on that payment, will only be repaid by the Authority in accordance with regulation 30(6).

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Source: https://www.legislation.gov.uk/uksi/2015/1555/regulation/23 (the official version)
Page: https://openlegislation.uk/electricity-competitive-tenders-for-offshore-transmission-licences-regulations-2015/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.