Where the procuring agency require the bidders to furnish a bid security, the bid security should not exceed _______ of the bid price.

5%
7.5%
10.%
12.5%
5%  Under the Public Procurement Rules 2024, the bid security should not exceed 5% of the bid price. This rule is intended to ensure that the bid security is sufficient to guarantee the seriousness of the bid, while not being overly burdensome for the bidders.
Public Procurement Rules 2004 Author: rikazzz

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tick the condition when procurement contract comes into force
A. when bidders bid accepted
B. bidders quality for pre-qualification
C. conditions for contract are fullfilled
D. both (a) and (A)
Aggrieved bidder launch him complain under rule:
A. 30
B. 32
C. 35
D. 36
One of the bidding documents meant for:
A. Special conditions of contract
B. Specifications and drawings
C. completion schedule
D. All of these
What is the procedure to advertise all procurement opportunities over two million rupees?
A. The advertisement in the newspaper
B. They should be advertised on the other’s website
C. They should be appeared other print media
D. All of these
It shall be mandatory for all procuring agencies to advertise all procurement requirements exceeding prescribed financial limit is applicable under sub-clause:
A. 42
B. 55
C. 68
D. 30
which bidder is allowed to withdraw their bids without for feature of the bids
A. who donot extend bid validity
B. extend bid validity
C. remain ambegious about extension
D. All of the above
A contractor may be black listed:
A. Without given an opportunity of being heard
B. Shall be accorded adequate opportunity of being heard
C. Both A and B
D. None of these

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One response to “Where the procuring agency require the bidders to furnish a bid security, the bid security should not exceed _______ of the bid price.”

  1. Irfan Abbas Avatar
    Irfan Abbas

    Under the Public Procurement Rules 2024, the bid security should not exceed 5% of the bid price. This rule is intended to ensure that the bid security is sufficient to guarantee the seriousness of the bid, while not being overly burdensome for the bidders.

    Reply