Posting of Performance Bond for Alternative Method

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Posting of Performance Bond for Alternative Method

Post by jtronco on Wed Oct 10, 2012 4:46 pm

Advertisement in consonance with Section 21 of Rule VII of the Revised IRR and posting in Philgeps of the procurement opportunity for information purposes only. We are following this guideline. however upon awarding of the Purchase order to the selected supplier, Philgeps will advise awarded supplier to post performance bond. Please help

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Re: Posting of Performance Bond for Alternative Method

Post by engrjhez® on Wed Oct 10, 2012 6:10 pm

jtronco wrote:Advertisement in consonance with Section 21 of Rule VII of the Revised IRR and posting in Philgeps of the procurement opportunity for information purposes only. We are following this guideline. however upon awarding of the Purchase order to the selected supplier, Philgeps will advise awarded supplier to post performance bond. Please help

Let us refer to the IRR of RA 9184:

54.5. Performance and warranty securities, as prescribed in Sections 39 and 62 of this IRR, shall be submitted for contracts acquired through the alternative methods of procurement, except for Shopping under Section 52 and Negotiated Procurement under Sections 53.2 (emergency cases), 53.9 (small value procurement), 53.10 (lease of real property), and 53.13 (UN agencies).

If you are posting an alternative method other than that underlined above, it shall be mandatory, hence wanting compliance. In any case, notification thru PhilGEPS is merely directory in nature, being a self-executing program. It serves as a guide for yu not to forget the requirements of law. Smile
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Re: Posting of Performance Bond for Alternative Method

Post by jtronco on Thu Feb 27, 2014 5:09 pm

Follow up question on the posting of performance bond for direct contracting. I it will post a bank guarantee as bond, what is the validity period of the guarantee?

thank you

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