NPM No. 089-2015
Requesting Entity: City of Bayawan
Issues Concern: Forms of Bid Security
Guidance on which form of bid security a procuring entity should require.
The PE 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.
The bidder has the discretion and choice as to what form of bid security it shall post or submit from the two options the PE indicated in the Bidding Documents.