Procedure for the procurement of consulting service - DOH

DOH CUSTOMIZED PROCUREMENT MANUAL VOLUME 4 2010
3.7.3 Period of validity of Bids and Bid Security
Bids and bid securities must be valid for a reasonable period of time as
determined by the HOPE. This time period must be indicated in the bidding
documents, but in no case should it exceed one hundred twenty (120) calendar
days from the date of the opening of bids (Section 28.1 of the revised IRR).
Should it become necessary to extend the validity of the bids and bid securities
beyond one hundred twenty (120) calendar days, the procuring entity concerned
shall request in writing all those who submitted bids for such extension before the
expiration date thereof. Bidders, however, shall have the right to refuse to grant
such extension without forfeiting their bid security (Section 28.2 of the revised
IRR).
3.7.4 Denomination
The bid security must be denominated in Philippine Pesos and posted in favor of
the procuring entity (Section 27.3 of the revised IRR 27.3).
3.7.5 Failure to submit Bid Security
Failure to enclose the required bid security in the form and amount prescribed
herein shall automatically disqualify the bid concerned (Section 27.1 of the
revised IRR 27.1).
3.7.6 Time to returned to bidders Bid Security
Without prejudice to the provisions of the Act and the revised IRR on the
forfeiture of bid securities, bid securities shall be returned only after the bidder
with the HRRB has signed the contract and furnished the performance security,
except to those declared by the BAC as failed or post-disqualified in accordance
with the revised IRR of R.A. 9184, upon submission of a written waiver of their
right to file a request for reconsideration and/or protest (Section 27.4 of the
revised IRR).
In no case shall bid security be returned later than the expiration of the bid validity
period indicated in the Bidding Documents, unless it has been extended in
accordance with Section 28.2 of the revised IRR of R.A. 9184 (Section 27.5 of
the revised IRR).
3.7.7 Forfeiture
A bidder‟s bid security may be forfeited when:
a. The bidder withdraws its bid beyond the deadline;
65