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Get the free Bid Security will be accepted in the form of CDR (Call Deposit Receipt)

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Tender No.574/2018 SPECIAL INSTRUCTIONS No Cutting erasing is allowed in the Tender bid. Bid offered strictly in accordance with the bid document will only be accepted. Bid Security will be accepted
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01
Obtain the bid security form from the relevant authority or organization.
02
Fill out the form with accurate and complete information.
03
Provide all necessary documentation, such as bank guarantees or surety bonds, as per the requirements.
04
Ensure that the bid security amount meets the specified criteria.
05
Verify the deadline for submitting the bid security and make sure to submit it within the given timeframe.
06
Double-check the form and supporting documents for any errors or omissions.
07
Submit the filled-out bid security form and accompanying documents to the appropriate authority or organization.
08
Keep a copy of the filled-out bid security form and supporting documents for your records.

Who needs bid security will be?

01
Bid security is typically required by public procurement entities or organizations when soliciting bids or proposals for projects or contracts.
02
Private companies may also request bid security to ensure the seriousness and financial capability of potential bidders.
03
The specific requirement for bid security may vary depending on the nature and value of the project or contract.
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Bid security is a guarantee provided by a bidder to ensure that they will honor the terms of a bid if selected as the winning bidder.
Bid security is typically required to be filed by bidders participating in a competitive bidding process for a contract or project.
Bid security can be filled out by providing a certified check, a bid bond, or other forms of financial guarantees as specified in the bidding documents.
The purpose of bid security is to protect the project owner from financial loss in case the selected bidder fails to honor the terms of the bid.
Bid security must typically include the bidder's name, the bid amount, the project name, and other relevant details as specified in the bidding documents.
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