Times Of Swaziland: E5 000 TENDER SECURITY FOR GOVT SPECIALISED CIVIL WORKS

E5 000 TENDER SECURITY FOR GOVT SPECIALISED CIVIL WORKS
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BY ASHMOND NZIMA on 30/08/2021 07:10:00


MBABANE – Government, through the Ministry of Public Works and Transport, is
providing an opportunity to suitably qualified local contractors to tender for
specialised civil works.
The works involve road marking and signage to the MR8 Road (Hhelehhele Junction
to Lavumisa Traffic Circle Road). Tender documents are available upon payment of
a non-refundable E500 payable at any Eswatini Government Revenue offices. A
tender security of E5 000 is among the requirements. A bid security is an amount
of money that may be calculated as a percentage of the budget estimate of a
procurement requirement or a percentage of a bidder’s bid price.
Protection
It is used by the client as protection against bidders withdrawing their bids
prior to the end of their bid validity period, or for refusing to sign the
contract. The bid security is intended to deter bidders from withdrawing their
bids because they would otherwise forfeit the bid security amount to the client.
It gives the client some assurance that the selected bidder will sign the
contract or otherwise forfeit their bid security. Each completed tender should
be in a sealed envelope and endorsed in the correct tender title and the
original and copy documents correctly labelled and all addressed to the
Secretary, Government Tender Board, Treasury Department .P. O. Box 58,Mbabane.
All bids must be in by September 24 at 9am.