(1)
A cancellation of procurement
proceeding may be made –
(a)
when the object
of the procurement is no longer required; or
(b) when the bidding
document has to be modified so substantially that it will be more efficient and
convenient to cancel the bid invitation, revise the document and re-issue an
invitation to bid.
(2) If
the procurement proceeding is cancelled before opening of bids, any bid
received shall be returned unopened.