Financial Guarantees for Tenders

It is becoming more and more important for companies responding to Government tenders in South Africa, to proof 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. 

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

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Title Closing Date Tender No.
Establishment of a pre-qualified service providers for the provision of an alternative building technology for a period not exceeding 36 months. 2018-10-18 11:00 HLA 4/ 2 / 4 - 2018 / 06
Follow on Contract: East London & Surrounding Areas: Maintenance of Mechanical Equipment for State Owned Building. (Mechanical Engineering Services) 2018-10-16 11:00 PET25/ 2018
Chilled water air cooled chiller replacement: R K Khan Hospital. 2018-10-22 11:00 ZNB 9630/ 2018- H
Connection of electricity/water, sanitation and building of ramps stairs/walk way at Masons clinic. 2018-10-01 11:00 ZNQ 23/ 18/ 19
Appointment of a service provider to provide maintenance and repairs of x-ray machines and walkthrough metal detectors to the NPA for a period of three (3) years. 2018-10-22 11:00 NPA 04- 18/ 19
Supply, installation, commissioning of weighing balances including training and maintenance for three (3) years in accordance with specification no 32120: Division: Visible policing. 2018-10-23 11:00 Bid no. 19/ 1/ 9/ 1/ 180TR (17/ 18)
Supply, Maintenance and Servicing of Tractors and Accessories for SANParks for a period of five (5) years. 2018-10-04 11:00 GNP- 025- 18
Appointment of a service provider for the rendering of cleaning, hygiene and fumigation services for the South African National Biodiversity Institute: Pretoria National Botanical Garden for a period of 36 months. 2018-10-19 11:00 SANBI: G310/ 2018
Request for a service provider to maintain and support Internet Protocol (IP) telephony for The Office of the Public Service Commission (OPSC) for a period of 36 months. 2018-10-08 11:00 OPSC 004/ 18
Design, manufacture, delivery and support for 30 RF shielded enclosures for the HERA nodes at SARAO in the Northern Cape. 2018-10-12 11:00 NRF SARAO HERA 005 2018
Appointment of a service provider to conduct wellness screening and related support services for employees within the employ of the Kwazulu-Natal Legislature. 2018-10-17 11:00 KZNL 17/ 2018
Invitation to experienced catering companies to rent the vacant cafeteria space for a period of three (3) years. 2018-10-08 11:00 HSRC/ 18/ 2018/ 19
The South African National Roads Agency SOC Limited (SANRAL) invites tenders from qualified Bidder/s to enter into an agreement for database administration and managed services (Oracle, Microsoft MSSQL and Mongodb) 2018-10-16 14:00 NRA 58000/ 2018/ ORAMSSQL
Terms of reference for the appointment of a service provider to supply, deliver and offload shearing shed equipment and machinery for SENQU FPSU (Herschel Wool Growers Association) In SENQU Local Municipality at Joe Gqabi District, Eastern Cape Province. 2018-10-12 11:00 DRDLR: EC 007(2018/ 2019)
Follow on contract: East London, Queenstown & surrounding areas: Maintenance of electrical equipment for state owned buildings. (Electrical Engineering services) 2018-10-16 11:00 PET26/ 2018
Follow on contract: Port Elizabeth Regional Office: Maintenance of passenger and goods lifts. (Electrical engineering services) 2018-10-16 11:00 PET28/ 2018
Follow on contract: Port Elizabeth & surrounding areas: Maintenance of electrical equipment for state owned buildings. (Electrical engineering services). 2018-10-16 11:00 PET27/ 2018
Supply, delivery and off-loading perishable provisions. 2018-11-06 11:00 LMN 06/2018 LIMPOPO
External and Internal Painting of Water Pump Stations in Swartland Municipal Area. 2018-10-11 11:00 SCM46/18/19
Cleaning and repairs of the Water Treatment Plant (WTP) effluent launders at Duvha Power Station. 2018-09-27 10:00 MPGXC005249R

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Advantages and disadvantages of Consortiums

Consortiums are often considered as entities to use when responding to tenders in South Africa. The question that arises is whether to use a Consortium or a Joint Venture when responding to a tender. To help you with this we have compiled a list of advantages and disadvantages for both Consortiums as well as Joint Ventures. In this article we list the advantages and disadvantages of Consortiums. Look out for the same article on Joint Ventures.

Consortiums Advantages:

  • Easy to establish as there are no formal procedures... Read More
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