A. General 1. Scope of Bid 2. Source of Funds 3. Corrupt, Fraudulent ...
A. General 1. Scope of Bid 2. Source of Funds 3. Corrupt, Fraudulent ... A. General 1. Scope of Bid 2. Source of Funds 3. Corrupt, Fraudulent ...
Instructions to Bidders(ii)The price of other (incidental) services, if any, listed in theBDS.15.5. Prices quoted by the Bidder shall be fixed during the Bidder’s performance ofthe contract and not subject to variation or price escalation on any account,unless otherwise specified in the BDS. A bid submitted with an adjustableprice quotation shall be treated as non-responsive and shall be rejected,pursuant to ITB Clause 24.15.6. All bid prices shall be considered as fixed prices, and therefore not subject toprice escalation during contract implementation, except under extraordinarycircumstances as indicated in the BDS and specified in the GCC and itscorresponding SCC provision.16. Bid Currencies16.1. Prices shall be quoted in the following currencies:(a)(b)For Goods that the Bidder will supply from within the Philippines, theprices shall be quoted in Philippine Pesos.For Goods that the Bidder will supply from outside the Philippines, theprices may be quoted in the currency(ies) stated in the BDS. However,for purposes of bid evaluation, bids denominated in foreign currenciesshall be converted to Philippine currency based on the exchange rate aspublished in the BSP reference rate bulletin on the day of the bidopening.16.2. If so allowed in accordance with ITB Clause 16.1, the Procuring Entity forpurposes of bid evaluation and comparing the bid prices will convert theamounts in various currencies in which the bid price is expressed to PhilippinePesos at the foregoing exchange rates.16.3. Unless otherwise specified in the BDS, payment of the contract price shall bemade in Philippine Pesos.17. Bid Validity17.1. Bids shall remain valid for the period specified in the BDS which shall notexceed one hundred twenty (120) calendar days from the date of the openingof bids.17.2. In exceptional circumstances, prior to the expiration of the Bid validity period,the Procuring Entity may request Bidders to extend the period of validity oftheir bids. The request and the responses shall be made in writing. The bidsecurity described in ITB Clause 18 should also be extended corresponding tothe extension of the bid validity period at the least. A Bidder may refuse therequest without forfeiting its bid security, but his bid shall no longer beconsidered for further evaluation and award. A Bidder granting the requestshall not be required or permitted to modify its bid.18. Bid Security18.1. The bid security, issued in favor of the Procuring Entity, in the amount statedin the BDS shall be equal to the percentage of the ABC in accordance with thefollowing schedule:Page 10 of 40
Form of Bid Security(a) Cash or cashier’s/manager’scheck issued by a Universal orCommercial Bank.(b) Bank draft/guarantee orirrevocable letter of credit issuedby a Universal or CommercialBank: Provided, however, that itshall be confirmed orauthenticated by a Universal orCommercial Bank, if issued by aforeign bank.(c) Surety bond callable upondemand issued by a surety orinsurance company duly certifiedby the Insurance Commission asauthorized to issue such security.(d) Any combination of theforegoing.Instructions to BiddersAmount of Bid Security(Equal to Percentage of the ABC)Two percent (2%)Five percent (5%)Proportionate to share of form withrespect to total amount of securityFor biddings conducted by LGUs, the Bidder may also submit bid securities inthe form of cashier’s/manager’s check, bank draft/guarantee, or irrevocableletter of credit from other banks certified by the BSP as authorized to issuesuch financial statement.18.2. The bid security should be valid for the period specified in the BDS. Any bidnot accompanied by an acceptable bid security shall be rejected by theProcuring Entity as non-responsive.18.3. No bid securities shall be returned to bidders after the opening of bids andbefore contract signing, except to those that failed or declared as postdisqualified,upon submission of a written waiver of their right to file a motionfor reconsideration and/or protest. Without prejudice on its forfeiture, bidsecurities shall be returned only after the bidder with the Lowest Calculatedand Responsive Bid has signed the contract and furnished the performancesecurity, but in no case later than the expiration of the bid security validityperiod indicated in ITB Clause 18.2.18.4. Upon signing and execution of the contract pursuant to ITB Clause 32, and theposting of the performance security pursuant to ITB Clause 33, the successfulBidder’s bid security will be discharged, but in no case later than the bidsecurity validity period as indicated in the ITB Clause 18.2.18.5. The bid security may be forfeited:(a)if a Bidder:(i) withdraws its bid during the period of bid validity specified inITB Clause 17;(ii) does not accept the correction of errors pursuant to ITB Clause28.3(b);(iii) fails to submit the requirements within the prescribed period ora finding against their veracity as stated in ITB Clause 29.2; or(iv) any other reason stated in the BDS.Page 11 of 40
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Form <strong>of</strong> <strong>Bid</strong> Security(a) Cash or cashier’s/manager’scheck issued by a Universal orCommercial Bank.(b) Bank draft/guarantee orirrevocable letter <strong>of</strong> credit issuedby a Universal or CommercialBank: Provided, however, that itshall be confirmed orauthenticated by a Universal orCommercial Bank, if issued by aforeign bank.(c) Surety bond callable upondemand issued by a surety orinsurance company duly certifiedby the Insurance Commission asauthorized to issue such security.(d) Any combination <strong>of</strong> theforegoing.Instructions to <strong>Bid</strong>dersAmount <strong>of</strong> <strong>Bid</strong> Security(Equal to Percentage <strong>of</strong> the ABC)Two percent (2%)Five percent (5%)Proportionate to share <strong>of</strong> form withrespect to total amount <strong>of</strong> securityFor biddings conducted by LGUs, the <strong>Bid</strong>der may also submit bid securities inthe form <strong>of</strong> cashier’s/manager’s check, bank draft/guarantee, or irrevocableletter <strong>of</strong> credit from other banks certified by the BSP as authorized to issuesuch financial statement.18.<strong>2.</strong> The bid security should be valid for the period specified in the BDS. Any bidnot accompanied by an acceptable bid security shall be rejected by theProcuring Entity as non-responsive.18.<strong>3.</strong> No bid securities shall be returned to bidders after the opening <strong>of</strong> bids andbefore contract signing, except to those that failed or declared as postdisqualified,upon submission <strong>of</strong> a written waiver <strong>of</strong> their right to file a motionfor reconsideration and/or protest. Without prejudice on its forfeiture, bidsecurities shall be returned only after the bidder with the Lowest Calculatedand Responsive <strong>Bid</strong> has signed the contract and furnished the performancesecurity, but in no case later than the expiration <strong>of</strong> the bid security validityperiod indicated in ITB Clause 18.<strong>2.</strong>18.4. Upon signing and execution <strong>of</strong> the contract pursuant to ITB Clause 32, and theposting <strong>of</strong> the performance security pursuant to ITB Clause 33, the successful<strong>Bid</strong>der’s bid security will be discharged, but in no case later than the bidsecurity validity period as indicated in the ITB Clause 18.<strong>2.</strong>18.5. The bid security may be forfeited:(a)if a <strong>Bid</strong>der:(i) withdraws its bid during the period <strong>of</strong> bid validity specified inITB Clause 17;(ii) does not accept the correction <strong>of</strong> errors pursuant to ITB Clause28.3(b);(iii) fails to submit the requirements within the prescribed period ora finding against their veracity as stated in ITB Clause 29.2; or(iv) any other reason stated in the BDS.Page 11 <strong>of</strong> 40
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