Department Of Education Division Of Davao Occidental Tender

Description 10k (5 Grm.) Praise Ring, Size 8, With Free - Resizing (see Attached Picture For The Design) Total Pieces: 5 Terms And Conditions Form Of Bid Security Amount Of Bid Security ( Equal To Percentage Of The Abc ) A) Cash, Cashier's Manager's Check, Bank Draft/ Guarantee Confirmed By A Universal Or Commercial Bank. B) Irrevocable Letter Of Credit Issued By A Universal Two Percent ( 2% ) Or Commercial Bank: Provided, However, That It Shall Be Confirmed Or Authenticated By A Universal Or Commercial Bank, If Issued By A Foreign Bank C) Surety Bond Callable Upon Demand Issued By A Surety Or Insurance Company Duly Certified By Five Percent ( 5% ) The Insurance Commission As Authorized To Issue Such Security. D) Any Combination Of The Foregoing. Proportionate To Share Of Form With Respect To Total Amount Of Security 1. Bids With Abc Of Fifty Thousand Pesos ( P 50,000.00 ) And Above Must Be Accomplished With A Bidder's Bond In The Form Of Cash Or Certified Checks Or Surety Bond Drawn In Favor Of Or, Payable To The Department Of Education Division Of Davao Occidental , In The Amount: Of The Total Amount Of Bid But Shall Not Exceed Twenty Thousand Pesos ( P 20,000.00 ) Per Bid Proposal And Shall Be Deposited With The Bac Secretariat. The Bidder's Bond Will Guarantee That The Winning Bidder/s Will Comply With His/ Her Obligation Thereon. The Bidder's Bond Of The Losing Bidder/s Will Be Returned Immediately Upon Determination Of The Winning Bidder/s. The Bidder's Bond Of Winning Bidder/s Who Refuse/s To Accept An Award Without Justifiable Reason Shall Be Forfeited In Favor Of The Deped Division Of Davao Occidental And Shall Be Barred From Participating In Future Biddings. 2. Performance Bond In The Amount Equivalent To : Form Of Performace Security Amount Of Performance Security ( Equal To Percentage Of The Total Contract Price ) A) Cash, Cashier's/manager's Check, Bank Draft/ Guarantee Confirmed By A Universal Or Commercial Bank. Goods And Consulting Services B) Ireevocable Letter Of Credit Issued By A Universal Or Five Percent ( 5% ) Commercial Bank: Provided, However, That It Shall Be Confirmed Or Authenticated By A Universal Or Commercial Infrastructure Projects Bank, If Issued By A Foriegn Bank. Ten Percent ( 10 % ) C) Surety Bond Callable Upon Demand Issued By A Surety Or Insurance Company Duly Certified By The Insurance Thirty Percent ( 30 % ) Commission As Authorized To Issue Such Security. D) Any Combination Of The Foregoing. Proportionate To Share Of Form With Respect To Total Amount Of Security Of The Total Amount Awarded To The Winning Bidder/s Is Are Required Before The Issuance Of A Purchase Order/ Contract. The Winning Bidder/s Hereby Authorize/s The Committee On Awards Thru The Office Of The Schools Division Superintendent To Automatically Apply The ____ % Bidders Bond As Initial Deposit Of The Performance Bond To Be Receipted By The Cashier's Office. This Will Guarantee The Faithful Compliance Of The Winning Bidder/s To The Terms And Conditions Of The Contract. 3. In The Event Of Non- Delivery Or Delay Of The Items When Due, The Winning Bidder/s Hereby Authorize The Committee On Awards Thru The Schools Division Superintendent's Office To Impose One Or All Of The Following: A. To Deduct For Each Day Of Delay In The Delivery Period As Stipuilated, ( Including Saturday, Sunday, Holidays ) Liquidating Damages In The Amount Of 1/ 10 Of 1 % Per Day On The Total Value Of The Contract Or Total Value Of The Undelivered Portion Thereof, If The Contract Has Been Partially Complied. B. To Award To The Next Lowest Bidder The Purchase Of The Supplies/ Materials And Charge To The Defaulting Winning Bidder/s Against Its Performance Bond The Excess Of The Purchase Price. C. To Rescind The Purchase Order/ Contract D. To Forfeit The Performance Bond Of The Defaulting Winning Bidder/s In Favor Of The Department Of Education Division Of Davao Occidental. 4. Bids Received Thru Telegram Or Submitted After The Scheduled Time For The Opening Shall Not Be Accepted. 5. Price Quotations Must Be Definite In Amount And Shall Not Impose Conditions Which Tend To Make The Price Quotation Uncertain, Errors In Price Quotation Shall Be The Responsibility Of The Bidder/s 6. Bidder/s Shall State The Period During Which The Offer Is Good, But In No Case Shall Be Less Than 60 Calendar Days 7. The Committee On Awards Reserves The Right To Disqualify Any Or All Bids/ Offers, Not To Consider Any Negligence Or Informality Therein And To Award To Bidder/s Whose Proposal/s As Elevated, Are Deemed Most Advantageous To The Government. 8. All Terms And Conditions Stipulated Shall Form Part Of The Contract/ Order To Which Every Shall Be Amendable. Noted : Ramel M. Pilo, Cese Oic – Assistant Schools Division Superintendent Bac Chairman