What does bid security mean under the Punjab Procurement Rules 2014 ?(Definitions)

A ) A cash deposit submitted by the bidder

B ) A promissory note from the bidder

C ) A fixed deposit in the bidder's name

D ) A bank guarantee or other form of security submitted with a bid to secure the bidder obligations ✅

Related Questions
  1. What is the minimum procurement value requiring advertisement on the PPRA website?(Advertisement Rule 12)
  2. When can a procurring agency used direct in contracting emergencies ?(Emergency Procurement Rule 59)
  3. Who approves the extension of bid validity beyond the original period?(Bid validity Extension Rule 28)
  4. Who notifies procuring agencies to adopt e-procurement ?(E-procurement Rule 3A)
  5. What is pre-qualification of bidders mandatory for procurement of goods ?(Pre-qualification Rule 16)
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