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BUREAU OF INTERNAL REVENUE Revenue Region No. 18 Koronadal CityPHILIPPINE BIDDING DOCUMENTS PROCUREMENT OF ADDITIONAL SECURITY SERVICES FOR CY 2024 FOR FIVE (5) REVENUE DISTRICT OFFICES (RDOS) OF THE BUREAU OF INTERNAL REVENUE, REVENUE REGION NO. 18, KORONADAL CITY Public Bidding No. 202404Government of the Republic of the PhilippinesSixth Edition July 20200Preface These Philippine Bidding Documents (PBDs) for the procurement of Goods through Competitive Bidding have been prepared by
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Obtain the bidding for form security document from the appropriate authority or website.
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Read the instructions carefully to understand the requirements.
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Fill in your personal information accurately, including name, address, and contact details.
04
Provide detailed information about the project or service you are bidding for.
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Who needs bidding for form security?

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Contractors or businesses looking to secure bids for projects.
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Individuals or teams participating in competitive bidding processes.
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Bidding for form security refers to a financial assurance that a bidder provides to guarantee that they will adhere to the terms of their bid and fulfill the contract if awarded. It typically involves submitting a bid bond or similar security.
Typically, contractors and vendors participating in a competitive bidding process for government or large-scale projects are required to file bidding for form security.
To fill out bidding for form security, one must complete the provided form with the required information, such as the project details, bid amount, and surety company information, ensuring all fields are accurately filled and any accompanying documents are attached.
The purpose of bidding for form security is to protect the project owner against the risk of a bidder defaulting after winning the contract. It ensures that contractors are serious about their bids and are capable of executing the contract.
The information that must be reported on bidding for form security includes the bidder's details, the bid amount, the type of security (e.g., bid bond), the name of the surety company, and any other specific requirements outlined in the bid documentation.
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