General Administrative and Submission Clauses  to award the contract to the Tenderer(s) of its choice, in accordance with the criteria set out  in the Procurement Documents, or not to award it to any Tenderer, or in case of lots, to award  the lots to different Tenderers or to cancel certain lots;   to decline without further comment any tender that does not accept its Model Contract and  the General Terms and Conditions of EIB applicable;   to reject all tenders whose financial offers are above the estimated contract value as  indicated in the Procurement Documents;  to cancel the procurement procedure without notice and reject all tenders at any time prior  to the contract signature, without thereby incurring any liability to the affected economic  operators;   EIB will not be responsible for, or pay for, expenses or losses that may be incurred by the  Tenderer in the preparation of its tender and/or during the tender evaluation period.  Tenderers shall only participate to EIB’s procurement procedures on the understanding that they  would not be entitled to any form of compensation, in particular should the EIB decide to discontinue  the procurement procedure before a contract is signed. In case Tenderers would like to raise objections or ask questions about the Procurement Documents  they should comply with the procedure indicated in  point 3  above.  Tenders are opened in a non-public opening session by an opening board, whose members are  appointed by EIB under guarantee of impartiality and confidentiality.  The main aim of the opening session is to check whether the tenders received are compliant with  the following formal requirements:  If tenders are not compliant with any of the above requirements they may be rejected.  N.B.  Tenderers are expected to submit complete tenders, corresponding to all requirements set out  in the tender documentation item by item.  The non-public opening session will take place at EIB’s premises on the date and time indicated in  point 1.4  in the `Terms of Reference`. 5.3.  Opening record  5.2.  Formal opening requirements  5.1.  Opening session  5. Opening of Tenders   the tender is submitted in the number of required copies.   the technical proposal and the financial proposal are signed;  the tender contains information and documentation on the Tenderer’s exclusion situation and  legal capacity (if applicable), a technical proposal and a financial proposal;   the package containing the tender is sealed, in order to guarantee the confidentiality and  integrity of data;   the tender was not dispatched later than the dispatch deadline;  Last updated: June 2020 Page 10 of 21 