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Get Bid Securing Declaration
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How to fill out the Bid Securing Declaration online
Filling out the Bid Securing Declaration is an essential step in the bidding process, ensuring that your bid is supported and complies with relevant regulations. This guide provides clear and user-friendly instructions to help you complete the form online, ensuring you provide all necessary information accurately and efficiently.
Follow the steps to complete the Bid Securing Declaration online
- Click the ‘Get Form’ button to obtain the Bid Securing Declaration and open it in the editor.
- Insert the reference number for the Invitation to Bid/Request for Expression of Interest at the designated space.
- Provide the name and address of the procuring entity where indicated.
- In the declaration section, confirm your understanding of the requirement for a Bid Security and acceptance of the conditions laid out.
- Review and acknowledge the consequences outlined, including disqualification and applicable fines for non-compliance.
- Indicate any conditions under which the declaration will cease to be valid, as specified in the form.
- At the end of the form, enter the date and place of execution, followed by the name and legal capacity of the authorized representative signing the document.
- Complete the notary section as required, completing the necessary identification and signatures.
- Once you have filled out all sections accurately, save your changes, and proceed to download, print, or share your completed Bid Securing Declaration.
Complete your Bid Securing Declaration online today to streamline your bidding process.
The concept of bid security relates to having a legal guarantee that the contractor will compensate the project owner if you fail to enter the contract and provide any required bonds, like a performance bond, after submitting the construction bid and being awarded the job.
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