Month: February 2022

The Evaluation Committee shall conduct a technical evaluation by comparing each bid to the technical requirements of the description of goods, works or services in the bidding document so as to determine the responsiveness of bids. The technical evaluation shall Read More …

A performance security is a guarantee that the successful bidder will: 1. Not default on its offer, and 2. Enter into contract with the Procuring Entity within specified calendar days, from receipt of the Notice of Award, and furnish the Read More …

Responsiveness of a bid is determined by the content of the bid itself and the specifications in the bidding documents. Clarifications received or requested for are also considered. A substantially responsive bid is one which conforms to all the instructions, Read More …

Keeping costs down is justified by the need to maintain transaction costs at an acceptable level to avoid bidders applying costs loaders that affect the financial of the project. The objective of Bid Securities is to avoid frivolous bids where Read More …

A Procuring Entity may require bid securities, in order to deter irresponsible bids and encourage bidders to fulfill the conditions of their bids. The bidding documents shall clearly state any requirement for a bid security and specify the acceptable forms Read More …

The minimum bidding period shall be 21 days for national tenders and 30 days for international tenders. Pre-qualified bidders shall be given not less than 14 days. The days referred to here are calendar days. Bidders are allowed to ask Read More …