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GPPB RESOLUTION NO. 13-2014

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GPPB RESOLUTION NO. 13-2014

Post by Malene Jade on Thu Sep 11, 2014 9:46 am

The gppb issued this resolution for the clarification of the forms of bid security that bidders may submit during public bidding.  
But this resolution didn't make it crystal clear for me Neutral .

Can anyone  make me understand the resolution?? there seemed to be an inconsistency..

"WHEREAS, to avoid further confusion, the GPPB resolved to issue a Circular clarifying that the Section 27.5 of the revised IRR of RA 9184, as amended by GPPB Resolution No. 25-2013, grants a procuring entity the authority to identify and limit the forms of bid security that are acceptable to it, which shall include the bid securing declaration and at least one (1) other form of bid security;"

vs.

"WHEREAS, the GPPB further clarified that bidders shall have the option to select one form of bid security from the list of acceptable forms identified by the Procuring Entities in the Bidding Documents;"


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Malene Jade
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GPPB Resolution No. 25-2013

Post by chrissy on Thu Sep 11, 2014 11:53 am

Please refer to GPPB Circular 01-2014 dated 23 May 2014;

This Circular is being issued to clarify GPPB Resolution No. 25-2013 dated 30
August 2013 relative to the Forms of Bid Security that Bidders may submit
during Public Bidding and the corresponding amendments to the Revised
Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 9184 and
the Philippine Bidding Documents (PBDs) for Goods, Infrastructure Projects,
and Consulting Services.

chrissy... Smile




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Re: GPPB RESOLUTION NO. 13-2014

Post by ikuz23 on Thu Sep 11, 2014 2:55 pm

Malene Jade wrote:The gppb issued this resolution for the clarification of  the forms of bid security that bidders may submit during public bidding.  
But this resolution didn't make it crystal clear for me Neutral .

Can anyone  make me understand the resolution?? there seemed to be an inconsistency..

"WHEREAS, to avoid further confusion, the GPPB resolved to issue a Circular clarifying that the Section 27.5 of the revised IRR of RA 9184, as amended by GPPB Resolution No. 25-2013, grants a procuring entity the authority to identify and limit the forms of bid security that are acceptable to it, which shall include the bid securing declaration and at least one (1) other form of bid security;"

vs.

"WHEREAS, the GPPB further clarified that bidders shall have the option to select one form of bid security from the list of acceptable forms identified by the Procuring Entities in the Bidding Documents;"

help  Question  Question  Question  Question

good day,

The prospective bidder shall be given the option to post a BSD OR any other form of bid security indicated by the Procuring Entity in the Bidding Documents.
To illustrate, the procuring entity shall include BSD, as one of the choices; the other form of bid security may be Cashier’s Check (or Cash, Manager’s Check, Bank Draft/Guarantee, Irrevocable Letter of Credit, Surety Bond, or combination of the identified forms). The prospective bidder may opt to post a BSD OR Cashier’s Check as its bid security. Accordingly, the prospective bidder is required to post only one (1) form of bid security, in this example, it could either be a BSD OR Cashier’s Check.

it is like:

1) cash bond or BSD
2) bank guarantee / Ire. LC or BSD
3) surety bond or BSD

i hope this helps Very Happy
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Re: GPPB RESOLUTION NO. 13-2014

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