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SOCIAL SECURITY SYSTEMPHILIPPINE BIDDING DOCUMENTS Sixth EditionProcurement of GOODS GENERATOR SETS ITBSSSGOODS2014030Government of the Republic of the Philippines MAY 2024 TEDDY N. CARREON TWG Chairperson1Table

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How to fill out bid and payment currencies

01

Determine the currency you wish to use for your bid.

02

Check the accepted payment currencies for the platform or service.

03

Fill in the bid amount in the designated field.

04

Select the appropriate payment currency from the dropdown or input menu.

05

Review the transaction details for accuracy.

06

Submit your bid and payment information.

Who needs bid and payment currencies?

01

Bidders participating in auctions or tenders.

02

Businesses engaging in transactions where bidding is required.

03

Buyers who need to specify payment methods in international deals.

04

Sellers requiring clarity on payment types accepted.

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What is bid and payment currencies?

Bid and payment currencies refer to the types of currencies that can be used in bids for contracts and how payments are processed for those contracts.

Who is required to file bid and payment currencies?

Entities participating in bid processes, including contractors, vendors, and suppliers, are typically required to file bid and payment currencies.

How to fill out bid and payment currencies?

To fill out bid and payment currencies, one must specify the currency type being offered for the bid and the currency in which payment will be accepted, following the provided guidelines or forms.

What is the purpose of bid and payment currencies?

The purpose of bid and payment currencies is to standardize financial transactions in bidding processes and ensure clarity regarding the currency being used.

What information must be reported on bid and payment currencies?

Entities must report the type of currency in which the bid is made and the currency for payment, along with any conversion rates if applicable.

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