Financial Guarantees for Tenders

It is becoming more and more important for companies responding to Government tenders in South Africa, to prove that the company responding, has financial capacity to execute the contract. The reason for this is to safeguard Government Entities against companies being awarded a tender and then failing to execute because of a lack of financial resources.

Below is a typical Financial Guarantee requirement we found in a recent Gauteng Provincial Government tender:

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Title Closing Date Tender No.
Supply, delivery of LED retrofit units for existing Bekastar 2017-10-24 11:00 FQ/SM 77/18
Supply & delivery of: Electrical accessories 2017-10-19 15:00 GJ11800433
Supply and delivery of FLF 220W LED floodlights as per specifications up to a maximum value of R200 000.00 2017-10-24 11:00 FQ/SM 79/18
Supply & delivery of: Electrical accessories 2017-10-19 15:00 GJ11800434
Purchase of 21 simcards with data 2017-10-23 12:00 No reference number
Accredited suitably suitable Service Provider to service the Garden Landscaping and Maintenance and related consumables for the Kayamandi Economic and Tourism Corridor as per specifications until 30 June 2018 2017-10-25 11:00 FQ/SM 73/18
Accredited suitably suitable Service Provider with a CIDB grading of 1GB or higher for the renovations to the existing Municipal building in the Parking area 2017-10-25 11:00 FQ/SM 85/18
Supply & delivery of: Electrical accessories 2017-10-20 15:00 GJ11800435
Supply & delivery of: Electrical accessories 2017-10-20 15:00 GJ11800436
Supply & delivery of: MV Joints 2017-10-25 15:00 GJ11800437
Supply, delivery and off- loading of various locks 2017-10-23 11:00 FQ/SM88/18
Supply & delivery of: Mv joints 2017-10-25 15:00 GJ11800438
Supply & delivery of: Mv joints 2017-10-25 15:00 GJ11800439
Supply and delivery of precast concrete products for 1 year 2017-11-03 14:00 SCM 05/2018
Supply & delivery of: Mv joints 2017-10-25 15:00 GJ11800440
Supply material, erecting and replacing of missing and damaged vibrecrete poles and slabs at George Blake Drive, Stellenbosch 2017-11-03 11:00 FQ/SM75/18
Supply & delivery of Mv joints 2017-10-25 15:00 GJ11800441
Appointment of Structural Engineer for The Steps/Orlean Lounge 161 units, Cloetesville, Stellenbosch. 2017-10-27 11:00 FQ/SM 89/18
Supply & delivery of: Lamp fitting 2017-10-19 15:00 GJ11800442
Cast L-shaped concrete ramp infront of entrance at Silver town EHO 2017-10-26 09:00 SM11800215

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Functionality and Tenders

In all competitive bids (tenders) you as the bidder will have to respond to Functionality. You will need to score a set minimum number of points, measured as a percentage, on Functionality of a competitive bid (tender) in order to advance to the next phase of evaluation in the tender process.

Usually Organs of State evaluate competitive bids (tenders) as follows:

  • The tender response is evaluated on Functionality where the bidder must score points out of a maximum of 100 points.
  • A threshold of between 65 to 75 out of 100 points... Read More
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