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ITB Clause 32.2 of the BDS for Infra

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ITB Clause 32.2 of the BDS for Infra

Post by fe a. araya on Fri Aug 05, 2011 7:38 pm

I think there are some discrepancies in the Bid Data Sheet (BDS) for Infra, specifically for ITB Clause 32.2, whereas, this particular Clause in the Instructions to Bidders refers to the Performance Security in the amount indicated in the schedule, such as "Amount of Performance Security (Equal to Percentage of the Total Contract Price)", the BDS requires this, quote:

32.2 "The performance security shall be in the following amount:
1. The amount of _________ (Insert 5% of ABC, if performance security is in cash, cashier's/manager's check, bank draft/guarantee or irrevocable letter of credit;
2. The amount of ________ (Insert 30% of ABC] if performance security is in Surety Bond; or
3. Any combination of the foegoing proportionate to the share of form with respect to total amount of security.

The phrases emphasized (bold letters) are the discrepancies I noted. Suggest the GPPB look into this please. Others who may not be aware of this maybe misled (although, the ITB is very clear, still there is a need to clarify this. PEACE
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