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Procurement Policy Office (Established under section 4 of the Public Procurement Act 2006)Ref: W/EPROM/POW400M1/0524STANDARD BIDDING DOCUMENTSProcurement of Works(Up to Rs 300 m)(for use on the procurement
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01
Obtain the bid security form from the organization requesting the bid.
02
Read the instructions carefully to understand the requirements.
03
Fill out the necessary information such as bidder's name, address, contact details, and bid amount.
04
Provide the required form of bid security such as a cashier's check, bank guarantee, or bid bond.
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Make sure to sign and date the form before submitting it along with your bid.

Who needs form of bid security?

01
Contractors or bidders participating in a competitive bidding process for a construction project or procurement opportunity.

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The form of bid security can be in the form of a certified check, a bid bond, or an irrevocable letter of credit.
All bidders participating in a bidding process are required to file form of bid security.
The form of bid security should be completed with the necessary information such as bidder's name, bid amount, and type of security being used.
The purpose of form of bid security is to ensure that the winning bidder will enter into a contract and provide the required performance and payment bonds.
The form of bid security must include bidder's name, bid amount, type of security, and issuing bank or institution.
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