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STANDARD BIDDING DOCUMENTSProcurement of Goods (Above Nu. 0.250 Million)Royal Government of BhutanMinistry of FinanceApril 2009(Revised July 2015)PrefaceThis Standard Bidding Document for the Procurement
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Performance security - national is a financial assurance provided by contractors or service providers to guarantee the satisfactory completion of a contract or project in accordance with the terms and conditions specified.
Contractors, service providers, or any entities that enter into agreements or contracts with national government agencies or institutions are required to file performance security - national.
To fill out performance security - national, you must provide details such as the name of the contractor, contract number, amount of security, and the duration of the security. It may involve completing a specific form provided by the governing agency.
The purpose of performance security - national is to protect the interests of the government or contracting entity by ensuring that the contractor fulfills their contractual obligations and compensating for any losses due to non-performance.
The information required on performance security - national includes the contractor's details, contract identification, security amount, validity period, and the issuing bank or insurance company details.
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