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CITY OF PHILADELPHIA Procurement Department 120 Services Building Philadelphia, PA 191021685 (215) 6864720 (215) 6864716 Fax precontracts film.gov Monique NesmithJoyner Procurement CommissionerIMPORTANT

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How to fill out annual bid security application

01

To fill out the annual bid security application, follow these steps:

02

Begin by collecting all the necessary documents and information, including the bid security form, financial statements, and any supporting documents required by the organization.

03

Carefully read the instructions provided on the bid security application form to ensure you understand the requirements and provide accurate information.

04

Fill out the application form, providing all requested details such as your company name, contact information, and previous experience.

05

Attach the required financial statements and other supporting documents to the application.

06

Review the completed application for accuracy and completeness.

07

Sign the application and submit it along with the bid security fee, if applicable.

08

Retain a copy of the completed application and all supporting documents for your records.

09

Follow up with the organization to confirm receipt of your application and ensure that all necessary steps have been taken for the bid security process.

10

Note: It is advisable to double-check the specific requirements and procedures outlined by the organization to which you are submitting the annual bid security application, as they may have their own specific guidelines.

Who needs annual bid security application?

01

Any company or individual participating in a bidding process that requires a bid security would need to fill out an annual bid security application.

02

This may include contractors, suppliers, consultants, or service providers who are seeking to secure a contract through a competitive bidding process.

03

Organizations or government agencies that require bid security for their procurement process would also require interested parties to complete the annual bid security application.

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What is annual bid security application?

The annual bid security application is a form that contractors submit to demonstrate their ability to secure projects with a bid bond.

Who is required to file annual bid security application?

Contractors who are bidding on projects that require a bid bond are required to file an annual bid security application.

How to fill out annual bid security application?

Contractors must provide information about their financial stability, bonding capacity, and previous project experience on the annual bid security application form.

What is the purpose of annual bid security application?

The purpose of the annual bid security application is to show that the contractor is financially capable of completing a project and securing the necessary bid bond.

What information must be reported on annual bid security application?

Contractors must report their financial statements, bonding capacity, and past project experience on the annual bid security application.

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