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Procurement Guidelines

Procurement Guidelines

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International Competitive Bidding 15<br />

use other internationally recognized standard conditions of contract<br />

and contract forms acceptable to ADB.<br />

(b) The borrower may use an electronic system to distribute bidding<br />

documents, provided that ADB is satisfied with its adequacy. If bidding<br />

documents are distributed electronically, the electronic system shall<br />

be secure to avoid modifications to the bidding documents and shall<br />

not restrict the access of bidders to the bidding documents. Bidding<br />

documents must be provided in print form to bidders who request<br />

them. A master copy of electronic documents shall be retained in<br />

print form, suitably authenticated by signature, stamp or other<br />

instrument acceptable to ADB.<br />

Validity of Bids and Bid Security<br />

2.13 Bidders shall be required to submit bids valid for a period specified in the<br />

bidding documents which shall be sufficient to enable the borrower to complete<br />

the comparison and evaluation of bids, review the recommendation of award<br />

with ADB (if prior review is required), and obtain all the necessary approvals so<br />

that the contract can be awarded within that period.<br />

2.14 Borrowers have the option of requiring a bid security. When used, the bid<br />

security shall be in the amount and form specified in the bidding documents 24<br />

and shall remain valid for a period of four weeks beyond the validity period<br />

for the bids, in order to provide reasonable time for the borrower to act if the<br />

security is to be called. Bid security shall be released to unsuccessful bidders<br />

once the contract has been signed with the winning bidder. In place of a bid<br />

security, the borrower may require bidders to sign a declara tion accepting<br />

that if they withdraw or modify their bids during the period of validity or they<br />

are awarded the contract and they fail to sign the contract or to submit a<br />

performance security before the deadline defined in the bidding documents,<br />

the bidder will be suspended for a period of time from being eligible for bidding<br />

in any contract with the borrower.<br />

24<br />

The bid security, at the bidder’s option, shall be in the form of a certified check, a letter of credit or a bank<br />

guarantee from a reputable bank.

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