Responsiveness of Bids 4

A Procuring Entity sought guidance as follows:

1. The Procuring Entity enquired whether bidders’ deviation from the requirements for bid security set out in the issued bidding document would be considered a material deviation;
2. The requirements for bid security in the issued bidding document were as follows:

1. The Bid Security shall be in the form of a Bond or Bank Guarantee. If the Bid Security is in the form of a Bond or Guarantee, it must be stamped by the Commissioner of Stamp Duty and submitted in the format prescribed or one approved by the Procuring Entity prior to the submission of the bid.
2. The Bid Security must be valid for a minimum of two hundred and seventy (270) days and should not expire before the bid submission deadline. Bidders are encouraged to ensure that their tender security expires at least sixty (60) days after the bid validity. Also, kindly note that the bond must: