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Public Goods

Bid Security and Bid Securing Declaration: Similarities and Differences

The Procurement ClassRoom

APRIL 24, 2016

During the bidding process, it is customary to require interested bidders to provide a bid security or bid securing declaration along with their bid. It is a notarized sworn statement made by a bidder committing to sign the contract if they are selected before the end of the bid validity period stipulated in the bidding documents.

Bidding

Bidding Bidder Price Procurement

8 Causes of Delays in the Public Procurement Process and How to Avoid Them

The Procurement ClassRoom

JUNE 21, 2015

Such delays may damage the Procuring Entity ’s reputation and are a waste of scarce public resources; additionally, contracts are not awarded on time and this results in poor delivery of public goods and services. Bidders often hand-in their bids or proposals on the date of submission and wait to attend the opening.

Public Procurement

Public Procurement Procurement Bidder Tender

Bid Security and Bid Securing Declaration: Similarities and Differences

8 Causes of Delays in the Public Procurement Process and How to Avoid Them

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