Requesting Entity: Western Mindanao State University (WMSU)
Issues Concern: Submission of Bid Security
Whether bidders are required to submit two (2) forms of bid security, i.e. Bid Securing Declaration (BDS) and another form under Section 27.2 of the revised IRR of RA 9184.
As clarified under GPPB Circular No. 01-2014, bidders are not required to post two (2) forms of bid security. The Procuring Entity is mandated to include the BSD in its Bidding Documents as an acceptable form of bid security and at least one (1) of the forms provided for under the rules. Ultimately, the bidder has the discretion and choice as to what form of bid security it shall post.