INVITATION TO APPLY FOR ELIGIBILITY & TO BID - NFA

2) In the event that there will be two or more offerors with the same bid for the lot, this shall be resolvedthrough the drawing of lots.XIII. PERFORMANCE SECURITY1) To guarantee the faithful performance of the successful bidder of his obligation under contract, thewinning bidder shall post a Performance Security within ten (10) calendar days upon issuance ofNotice of Award.2) The required amount of the above form of security shall be in accordance with the followingschedule:FORM OF PERFORMANCE SECURITYa. Cash, cashier’s/manager’s check, bank draft/guaranteeconfirmed by a Universal or Commercial Bank.b. Bank draft/ guarantee or irrevocable letter of creditissued by a Universal or Commercial Bank: Provided,however, that it shall be confirmed or authenticated by aUniversal or Commercial Bank, if issued by a foreignbank.c. Surety bond callable upon demand issued by a surety orinsurance company duly cer tified by the InsuranceCommission as authorized to issue such secur ity.d. Any combination of the foregoingMINIMUM % OF TOTAL CONTRACTPRICEFive percent (5%) of ABCFive percent (5%) of ABCThirty percent (30%) of ABCProportionate to share of form withrespect to total amount of security3) The performance security or surety bond shall guarantee the faithful performance of the contractor’sobligations, as well as, answer for all its (contractor) liabilities under the contract. Shouldperformance security be not sufficient to cover contractor’s liabilities, the remaining balance shallbe paid by the concerned contractor.4) The performance security or surety bond will answer for the faithful performance of the terms andconditions of the contract as well as any of the following:a) For losses, shortages and damages attributable to Contractor’s fault/ negligenceb) For additional expenses incurred due to Contractor’s failure to haul without valid or justifiablecause.c) For litigation expenses, attorney’s fee, and liquidated damages that maybe incurred as a resultof the breach of obligations by the contractor under the terms and conditions.5) A performance security shall be posted by the bidder.6) Release of performance bond shall only be made upon termination of the contract and liquidation ofthe contractor’s liabilities under the contract.7) In the release of the performance security hereunder are the following documentary requirements tobe submitted:a) official requestb) certificate of completion/ acceptancec) original copy of official receiptXIV. OBLIGATIONS/ RESPONSIBILITIES OF THE SERVICE PROVIDER1. Delivery and installation of photocopying machines shall be made in accordance with the specifiedperiod and places.2. Periodic inspection and adjustments as deemed necessary to keep the machines in good workingconditions.3. Replacement of machines within 2 days upon receipt of notice from NFA-NCR in case ofbreakdown/bogged down by reason not attributable to NFA.4. Supply of all the photocopying consumable such as toner which shall be supplied on a one (1) bottleper month per unit basis or upon request of the operator whichever comes first for the machineexcept for paper, which can be sourced by NFA from other suppliers.