# The Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2015, Regulation 31: Failure to make payments or provide security

Extent: E+W+S

(1) Where a developer fails to make the payment or provide the security in accordance with regulation 10(1), the Authority may permit that payment or security to be made or provided within a further period specified by the Authority by notice to the developer, such period to be no later than the date on which a notice is published in accordance with regulation 12(1).
(2) Where either a bidder or a qualifying bidder fails to make any payment before the date specified in a notice given under these Regulations, the Authority may disqualify that bidder or qualifying bidder from that tender exercise in accordance with regulation 27 if that failure is not remedied within a period not exceeding ten days specified by the Authority by notice to that bidder or qualifying bidder.

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Source: https://www.legislation.gov.uk/uksi/2015/1555/regulation/31 (the official version)
Page: https://openlegislation.uk/electricity-competitive-tenders-for-offshore-transmission-licences-regulations-2015/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.