bid security

bid security

The deposit of cash, certified check, cashier’s check, bank draft, money order, or bid bond submitted with a bid and serving to guarantee to the owner that the bidder, if awarded the contract, will execute such contract in accordance with the bidding requirements and the contract documents.
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The Bid Security Of The Three Lowest Bidders Shall Be Retained By Septa For A Period Of Ninety (90) Days, Or Until A Contract Is Awarded And Entered Into Or All Bids Are Rejected, Whichever Comes First.
They further said that at NHA is not implementing the Pakistan Engineering Councils Standard Form of Bidding Documents as approved by ECNEC and notified by Planning Commission of Pakistan including acceptance of bid security and performance security offered by bidders in the form of insurance bond as laid down in PEC Standard Form of Bidding Documents.
On one occasion, a woman frantically reported her lost son's description to a BID security officer, who relayed it to 18 others via walkie-talkie.
1 In order to be an eligible Services, Supplies and Equipment bidder, all SS&E bidders must be enrolled in the City s Annual Bid Security Program.
BID SECURITY: Refer to the Checklist of Required Documents to see if bid security is required for the attached proposal.
The successful bidder shall forfeit to Cascade County their bid security if they fail or refuse to enter into a contract within the time specified.
Submit a bid security in the form of certified check, cashier s check, or bid bond issued by a Surety licensed to conduct business in the state in which the project is being constructed.
Where a Bid Security is indicated on the face of the proposal, the security must be attached to the Proposal as an earnest of good faith.
Bid security in the amount of 10 percent of the bid must accompany each bid in accordance with the Instructions to Bidders
The bid security shall be in the amount of five percent (5%) of the total amount of the bid.
Bid Security Except in an emergency, all bids for construction Contracts in excess of $100,000 shall be accompanied by a bid guarantee of not less than five percent (5%) of the amount of the bid.
Bids shall be accompanied by a bid security in the amount of 5% of the amount of the bid.