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Document used to declare compliance with bidding security requirements for procurement in the Philippines.
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How to fill out bid securing declaration form
How to fill out bid securing declaration form
01
Obtain the bid securing declaration form from the relevant authority or organization.
02
Read the instructions carefully to understand all requirements.
03
Fill in the bidder's name, address, and contact information at the top of the form.
04
Include details of the bid, such as project name and bid number.
05
Indicate the sum of the bid and the currency in which the bid is submitted.
06
Provide a clear statement of the intention to comply with bid security requirements.
07
Sign and date the declaration with the authorized representative's signature.
08
Submit the completed form along with the bid documents before the deadline.
Who needs bid securing declaration form?
01
Any bidder participating in a tendering process that requires a guarantee of their commitment and financial seriousness regarding the submitted bid.
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What is bid securing declaration form?
A bid securing declaration form is a document that acts as a guarantee by which a bidder confirms their commitment to bid and adhere to the terms and conditions of the bidding process.
Who is required to file bid securing declaration form?
Typically, all bidders participating in a public procurement process or tender are required to file a bid securing declaration form to ensure their serious intention to undertake the project.
How to fill out bid securing declaration form?
To fill out a bid securing declaration form, bidders must provide their company details, the bid price, project name, and date. They must also include a declaration statement indicating their understanding of the terms and conditions.
What is the purpose of bid securing declaration form?
The purpose of the bid securing declaration form is to protect the interests of the contracting authority by ensuring that bidders are committed to their proposals and will not withdraw or fail to execute the contract if awarded.
What information must be reported on bid securing declaration form?
The bid securing declaration form must include the bidder's name, contact information, details of the bid being submitted, a declaration statement, and the signature of an authorized representative.
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