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Appendix II BID SECURING DECLARATION IN LIEU OF EMD This letter of authorization should be on the letterhead and should be signed by a person with the proper authority to sign documents Date: insert
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How to fill out bid security declaration in

01
Obtain the bid security declaration form from the relevant authority or organization.
02
Carefully read and understand the instructions provided on the form.
03
Fill in the necessary information such as your name, contact details, and company information.
04
Clearly state the bid amount and currency for which the bid security is being provided.
05
Provide any supporting documents or evidence as requested, such as financial statements or proof of funds.
06
Review the declaration carefully to ensure all information is correct and complete.
07
Sign and date the bid security declaration.
08
Submit the completed bid security declaration to the appropriate authority or organization within the specified deadline.
09
Keep a copy of the filled-out bid security declaration for your records.

Who needs bid security declaration in?

01
Bid security declaration is needed by individuals or companies who are participating in competitive bidding processes or procurement activities.
02
Public sector organizations, private companies, or government agencies may require bid security declarations to ensure that bidders are financially capable and committed to their bids.
03
The specific requirements for bid security declaration may vary depending on the country, industry, and nature of the bidding process.
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Bid security declaration is a document submitted by a bidder to guarantee that they have the financial capacity to fulfill a contract if they are awarded the bid.
All bidders participating in a tender process are required to file bid security declaration.
Bid security declaration can be filled out by providing details of the bidder's financial standing, such as assets, liabilities, and creditworthiness.
The purpose of bid security declaration is to ensure that bidders are financially capable of fulfilling their contractual obligations.
Information such as the bidder's financial statements, bank guarantee, and proof of assets may need to be reported on bid security declaration.
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