BID SECURING DECLARATION

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BID SECURING DECLARATION

Post by jasperF76 on Mon Oct 10, 2016 4:39 pm

Isn't it that the purpose of Bid Securing Declaration is to replace the Bid Security during bidding process in order to lessen the initial expenses and to speed up preparation of bid documents? How come that there are some PEs that still require Bid Security?

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Re: BID SECURING DECLARATION

Post by markshinoda on Wed Nov 02, 2016 4:49 pm

Isn't it that the purpose of Bid Securing Declaration is to replace the Bid Security during bidding process in order to lessen the initial expenses and to speed up preparation of bid documents? How come that there are some PEs that still require Bid Security? wrote:

As stated in PBD under Bid Security, the bidders may choose the following: (a) Cash or cashier’s/manager’s check issued by a Universal or Commercial Bank; (b) Bank draft/guarantee or irrevocable letter of credit issued by a Universal or Commercial Bank: Provided, however, that it shall be confirmed or authenticated by a Universal or Commercial Bank, if issued by a foreign bank; (c) Surety bond callable upon demand issued by a surety or insurance company duly certified by the Insurance Commission as authorized to issue such security; (d) Any combination of the foregoing; or (e) Bid Securing Declaration using the prescribed form in PBD.
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Re: BID SECURING DECLARATION

Post by tatakserbisyo on Fri Dec 23, 2016 11:00 am

ask lang po may bago na PBDs for 2016 IRR?

regarding po sa Bid Securing Declaration, ganun din po clarification sa LGU namin. Thanks

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Re: BID SECURING DECLARATION

Post by markshinoda on Fri Dec 23, 2016 11:02 am

tatakserbisyo wrote:ask lang po may bago na PBDs for 2016 IRR?

Yes. It's the PBD 5th Edition but I think not yet released.
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Re: BID SECURING DECLARATION

Post by tatakserbisyo on Fri Dec 23, 2016 11:38 am

markshinoda wrote:
tatakserbisyo wrote:ask lang po may bago na PBDs for 2016 IRR?

Yes. It's the PBD 5th Edition but I think not yet released.


Thank you po.

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