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Bid Securing Declaration

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Bid Securing Declaration

Post by anne on Tue May 13, 2014 11:35 am

Good morning everyone!

We would like to ask if the bidders already submitted a bid securing declarations are they still required to submit another form of bid security?

Thank you.
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Re: Bid Securing Declaration

Post by regina avelino on Tue May 13, 2014 3:12 pm

No need. The bidder may opt to submit bid securing declaration or any other form as prescribe in the BDS. RESOLUTION NO. 25-2013.

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Re: Bid Securing Declaration

Post by anne on Tue May 13, 2014 6:08 pm

Thank you very much! Very Happy 
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Re: Bid Securing Declaration

Post by ulyssestan on Mon Jul 07, 2014 6:40 pm

Can you please verify this because as I read the said resolution it stated that the Bid Securing Declaration must be accompanied by another form of bid security.

As follows:

REVISED IMPLEMENTING RULES AND REGULATIONS (IRR)
OF REPUBLIC ACT (RA) NO. 9184

ORIGINAL AMENDED

Section 27.2

“The bid security shall be in an amount equal to a
percentage of the ABC in accordance with the
following schedule:


Section 27.2

“The procuring entity shall indicate in the
Bidding Documents the acceptable forms of bid
security that bidders may opt to use, which shall
include the Bid Securing Declaration provided
in Section 27.5 of this IRR and at least one (1)
other form, the amount of which shall be equal to
a percentage of the ABC in accordance with the
following schedule:

This is taken from Annex "A" of the GPPB Resolution No. 25 - 2013

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