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.
Supply of Services to Repair Traffic Signals and Associated Equipment within the Breede Valley Municipality 2018-09-27 11:00 288145
Consultancy services for SAP grant management implementation support 2018-10-05 15:00 ET-AUC-78675-CS-QCBS
Supply and Delivery of VBTS Collimator Insulating Piece. 2018-09-25 11:00 Themba LABS – RFQ/2018/19:84
Supply, delivery and Laying of Tiles 2018-09-28 11:00 280918
Procurement of Bus Services for Spring Schools – 4 x 30 Seater Buses. 2018-09-25 11:00 iThemba LABS – RFQ/2018/19:92
Supply and delivery of optic fibre cables at Empangeni once off. 2018-09-25 10:00 ERAC EMU 27571 BD 267
Consultancy service to carry out targeted research on online child sexual exploitation (OCSE) in Africa 2018-10-05 15:00 AUC /SAD/C/365
Provision of cleaning services at various buildings in Pretoria (Koedoespoort) for period of Seven (7) months. 2018-09-25 10:00 ERACKT 4679 - 27937
Supply, delivery and Installation of Glass and Latches for Windows and a Stacking Folding Door 2018-09-28 11:00 270918
Appointment of a preferred list of suppliers to conduct Airborne Magnetic Gradiometer and Radiometric Surveys for the Council for Geoscience for a period of three (3) years. 2018-10-16 11:00 CGS-2018- 027A
Scuff – Sanding, Seal and Finish of Wooden Floor and Stage of Town Hall 2018-09-28 11:00 290918
Supply and delivery of Galvanised Poles. 2018-09-26 11:00 288080
Reverse circulation drilling on the premises of Nkomati Mine. 2018-10-01 13:00 NKG E 008/2018
Interested parties are invited  to submit proposals covering technical & financial aspect relating to the following field: Diamond Transport & Security. 2018-10-10 11:00 SDT84/2018-1S
Consultancy Service to Assist the Department of Trade and Industry on the Implementation of the SMEs Strategy 2018-10-05 15:00 AUC/DTI/C/127
Provision of Directional Drilling Services within the Breede Valley Municipal Area. 2018-09-26 11:00 288679
Supply and delivery of 137cm Hotellier Double Bed Set or Equivalent 2018-09-27 11:00 288526
Stellenbosch University (SU) is hereby requesting tenders from businesses with relevant experience and qualification for the management of the SU’s healthcare consultancy service. 2018-10-05 12:00 SU/T9I/20I8
Provision of Firefighter Medical Surveillance Programme From Sept 2018- June 2019 2018-09-27 11:00 288450
Professional Service for the Construction of a New Student Residence at the Soweto Campus, for the University of Johannesburg. 2018-10-08 12:00 RFP UJ 32/2018

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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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