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Appendix H PRO FORMA BANK GUARANTEE FOR BID SECURITY Seal, name and address of the Bank and address of the Branch. To: The Road Accident Fund Date: Our Bid Security Reference Number: Bid Security
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How to fill out annexure h bid security

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How to fill out annexure h bid security:

01
Begin by gathering all the necessary information and documents required to complete the annexure h bid security form. This may include the bid security amount, the name of the bidder, the bid reference number, and any supporting documents.
02
Fill in the bidder's details, including the legal name, address, contact information, and any relevant identification numbers.
03
Specify the bid reference number accurately to ensure proper identification and linking to the specific bid.
04
Enter the bid security amount, ensuring that it matches the required value as stated in the bidding documents.
05
Attach any supporting documents requested by the annexure h bid security form, such as proof of eligibility, financial capacity, or relevant certifications. Ensure that these documents are properly organized and labeled for easy reference.
06
Review the completed form thoroughly for accuracy and completeness. Double-check all the information provided to avoid any errors or omissions.
07
Sign and date the annexure h bid security form, and ensure that the signature matches the authorized signatory for the bidder.
08
Submit the filled-out annexure h bid security form according to the instructions provided in the bidding documents. This may involve submitting it physically, electronically, or through another designated method.

Who needs annexure h bid security?

01
Bidders participating in the bidding process for projects or contracts that require bid security are the ones who need annexure h bid security.
02
Annexure h bid security ensures that the bidder is financially capable and reliable, providing a layer of protection for the organization or authority issuing the bid.
03
It is important for both the bidders and the organization issuing the bid to follow the specified procedures and requirements to ensure a fair and transparent bidding process.
Please note that the specific requirements and procedures for filling out annexure h bid security may vary depending on the jurisdiction or organization issuing the bid. It is essential to thoroughly read and understand the bidding documents and seek any necessary clarification before proceeding.
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Annexure h bid security is a form of security submitted by bidders as a guarantee of their intention to honor the terms of a bid.
All bidders participating in a bid process are required to file annexure h bid security.
To fill out annexure h bid security, bidders must provide all requested information accurately and submit the required documents as per the guidelines provided.
The purpose of annexure h bid security is to ensure that bidders are financially capable of fulfilling the terms of a bid and to protect the interests of the contracting authority.
Information such as bidder's name, address, bid details, amount of security, and mode of payment must be reported on annexure h bid security.
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