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.
Appointment of Service Providers for Emergency Accomodation as and when needed until 30 June 2019. 2018-07-25 11:00 6/19
GIZ SAGEN wishes to appoint a consultant to develop an automated Statistical Measurement and Verification Tool (MVT), to 'electronify' the South African National Accreditation System (SANAS) Technical Guide (TG) 50-02 document and with specific reference to the South African National Standard for Measurement and Verification, i.e. SANS 50010:2018, (Edition 2). 2018-07-20 12:00 #83294869
Supply Front hub seal 2018-07-19 14:00 WE11900212
Supply Alternator belt 2018-07-19 14:00 WE11900211
Supply 3 each x beta bait stations boxes 2018-07-19 14:00 GC11900021
Supply Durable sentinel mat with city logo 2018-07-23 12:00 GL11900027
Tenders are invited for the Hiring of 1.8 Ton Diesel Forklift Truck for a period of one month. 2018-07-24 11:00 CSQ07181343
Tenders are invited for the Hiring of 1.8 Ton Diesel Forklift Truck for a period of one month. 2018-07-24 11:00 CSQ07181343
Bookbinding of agendas. 2018-07-19 12:00 SD119O0035
Supply A5 leather folders 2018-07-23 12:00 GL11900032
Provision of Internet Services 2018-08-17 15:00 ADB/RFP/RDGS/2018/0090
Appointment of an Experienced Service Provider to Conduct Locality Analysis for the Tshwane Clothing and Textile Hub Project 2018-07-31 11:00 TEDA/PPM 01/07/18
Shuttle service (hire of 14 seater) 2018-07-24 09:00 WJ11900030
Supply and delivery of voice recorder. 2018-07-20 11:00 GK11900023
Request for proposals from service providers to deliver international executives development programme (NQF level 8) aimed at senior managers and executives in the transport sector (all transport sub-sectors) 2018-08-03 11:00 TETA18/CS/0003/IEDP
Appointment of a service provider to lease commercial office accommodation to SASSETA for a period until 31st March 2020 with an option to re-new 2018-08-13 11:00 RFP/SASSETA/1718006/01
Supply Clear carpet protectors Subcouncil 18, Lotus River. 2018-07-20 12:00 GL11900031
Supply unit packaging carbon asphalt 2018-07-20 14:00 GE11900144
Supply Clean filling sand 2018-07-25 14:00 GE11900143
Macro-Economic Impact Assessment of the Contribution of the EPWP on the South African Economy. 2018-08-06 12:00 IDTDPW29NATN

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Tender adjudication process

The SBD/WCBD6.1 document must form part of all bids invited.  It contains general information and serves as a claim form for preference points for Broad -Based Black Economic Empowerment (B -BBEE) Status Level of Contribution, and explains how tenders or bids are decided.

The document says:

  • The bidder obtaining the highest number of points will be awarded the contract.
  • Preference points shall be calculated after prices have been brought to a comparative basis.
  • Points scored will be rounded off to two decimal places... Read More
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