Bid Security. 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid.
Bid Security. Bids must be accompanied by a Bid Bond made payable to the Owner in an amount not less than five percent of the Bid. Bid Bonds should be furnished on forms accepted as standard by the insurance industry, but shall be substantially in accordance with the Bid Security Form attached hereto.
Bid Security. 16.1 The Bidder shall furnish, as part of his Bid, a Bid security in the amount as shown in column 4 of the table of IFB for this particular work. This bid security shall be in favor of: Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Xxxx Xxxx xx-0,Xxxxx Resources Department, Bhopal (M. P.) and may be in one of the following forms: A bank guarantee issued by a nationalized / scheduled bank located in India. Or Certified cheque, Bank draft or Letter of Credit in favour of Office of The Executive Engineer, Xxxxxx Xxxxx Xxxxxx Xxxxxxxxx, SWaRA Bhawan Link Xxxx xx-0,Xxxxx Xxxxxxxxx Department, Bhopal (M. P.) Payable at Bhopal;
Bid Security. The security furnished by the Bidder from which the Department may recover its damages in the event the Bidder breaches its promise to enter into a contract with the Department and fails to execute the required bonds covering the work contemplated, if its proposal is accepted.
Bid Security. Every bidder, if not exempted, participating in the procurement process will be required to furnish the bid security as specified in the NIB.
Bid Security. Where required, bid security shall be in the form of a bank guarantee from a reputable bank.
Bid Security. The bidder shall furnish 2% bid security of the total value of contract in the shape of Call Deposit Receipt issued by any scheduled bank of Pakistan in the name of Medical Superintendent THQ Hospital Bhalwal
Bid Security. 18.1 The Bidder shall furnish, as part of his Bid, a Bid Security for an amount of
Bid Security. 14.1. The Bidder shall submit a Bid Securing Declaration or any form of Bid Security in the amount indicated in the BDS, which shall not be less than the percentage of the ABC in accordance with the schedule in the BDS.
Bid Security. 4.2.1 All bids shall be accompanied by a deposit of either a good and sufficient bond to the agency for the benefit of the agency, with corporate surety authorized to do business in this State, the form of the bond and the surety to be approved by the agency, or a security of the bidder assigned to the agency, for a sum equal to at least 10% of the bid plus all add alternates, or in lieu of the bid bond a security deposit in the form of a certified check, bank treasurer’s check, cashier’s check, money order, or other prior approved secured deposit assigned to the State. The bid bond need not be for a specific sum, but may be stated to be for a sum equal to 10% of the bid plus all add alternates to which it relates and not to exceed a certain stated sum, if said sum is equal to at least 10% of the bid. The Bid Bond form used shall be the standard OMB form (attached).
