Latest topics
» Post Qualification
Yesterday at 7:55 pm by siddecruz

» Acquisition RROW
Yesterday at 7:54 pm by siddecruz

» Cancellation of Notice to Proceed
Fri Jul 13, 2018 11:10 pm by Lumi

» retrieve of user ID and password
Thu Jul 12, 2018 12:45 pm by johnrayconcreteproducts

» Conduct of Post Qualification
Wed Jul 11, 2018 4:45 pm by ford15

» Can we consider the composition of the BAC as valid if one of the members refuses to perform function as BAC member?
Wed Jul 11, 2018 10:57 am by rubyrose

»  Locked PhilGEPS
Tue Jul 10, 2018 11:53 am by eumarmahal

» RE: INVITATION TO BID
Tue Jul 10, 2018 11:32 am by irishpugong

» Request for review of uploaded documents for platinum renewal
Tue Jul 10, 2018 10:27 am by zcabarios

» Platinum Membership Renewal?????
Tue Jul 10, 2018 10:23 am by zcabarios


Forfeiture of bid security

Go down

Forfeiture of bid security

Post by regina avelino on Mon Apr 30, 2012 12:14 pm

Is failure to submit on time of the Credit Line Certificate and Joint Venture agreement prior contract sign with is within 10 days from issuance of Notice of Award grounds for forfeiture of Bid Security? Please advise po and good morning.

regina avelino
Board General
Board General

Female Number of posts : 671
Company/Agency : gocc ncr
Occupation/Designation : staff
Registration date : 2012-02-15

Back to top Go down

Re: Forfeiture of bid security

Post by sunriser431 on Mon Apr 30, 2012 1:25 pm

regina avelino wrote:Is failure to submit on time of the Credit Line Certificate and Joint Venture agreement prior contract sign with is within 10 days from issuance of Notice of Award grounds for forfeiture of Bid Security? Please advise po and good morning.
Please refer to the PBDs 4th Edition Section 11 Instructions to Bidders specifically section 18.5. bounce
avatar
sunriser431
Grand Master
Grand Master

Male Number of posts : 1518
Company/Agency : Goccs Jolo Sulu All the way Downsouth
Occupation/Designation : IAS
Registration date : 2009-05-07

Back to top Go down

Re: Forfeiture of bid security

Post by regina avelino on Mon Apr 30, 2012 2:44 pm

thank you sir.....

regina avelino
Board General
Board General

Female Number of posts : 671
Company/Agency : gocc ncr
Occupation/Designation : staff
Registration date : 2012-02-15

Back to top Go down

Re: Forfeiture of bid security

Post by sunriser431 on Wed May 02, 2012 3:57 pm

regina avelino wrote:thank you sir.....
as always you are welcome. bounce
avatar
sunriser431
Grand Master
Grand Master

Male Number of posts : 1518
Company/Agency : Goccs Jolo Sulu All the way Downsouth
Occupation/Designation : IAS
Registration date : 2009-05-07

Back to top Go down

Re: Forfeiture of bid security

Post by Jovinal on Wed May 02, 2012 10:21 pm

Credit Line Certificate and Joint Venture agreement are the requirements for ELIGIBILITY , How come that bidder was able to attend the bidding, when he is not eligible due to failure to credit line or Joint Venture agreement ?
avatar
Jovinal
Board Veteran
Board Veteran

Male Number of posts : 438
Company/Agency : LGU- Danao City
Occupation/Designation : City Accountant
Registration date : 2011-11-27

Back to top Go down

Re: Forfeiture of bid security

Post by RDV @ GP3i on Thu May 03, 2012 7:57 am

Jovinal wrote:Credit Line Certificate and Joint Venture agreement are the requirements for ELIGIBILITY , How come that bidder was able to attend the bidding, when he is not eligible due to failure to credit line or Joint Venture agreement ?

What is really required, for purposes of eligibility, is a commitment from a bank to extend a credit line to the bidder if it is awarded a contract. The actual credit line will be submitted before or during contract signing. On the other hand, potential joint venture partners may also participate in bidding even if they have no JVA yet. For purposes of eligibility, they are only required to submit a sworn statement that they will enter into and submit a JVA within 10 c.d. from receipt of NOA.
avatar
RDV @ GP3i
Grand Master
Grand Master

Male Number of posts : 1611
Company/Agency : DBM-Reg'l Office IV-B
Occupation/Designation : Regional Director/ Procurement Trainer
Registration date : 2008-09-04

http://gppphil.org/

Back to top Go down

Re: Forfeiture of bid security

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum