Where shall the amount of bid security be based?

Submitted by admin on July 6, 2011 - 09:34
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COBAC

The amount of bid security shall be based on the ABC and not on the bid price. In case when a certain package contains numerous items and ABC for specific lot(s)/item(s) is determined, the bid security shall be computed based on the ABC of the lot(s)/item(s) they are bidding for.

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