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.
Maintenance: Fire Detection and Suppression System 2018-09-27 11:00 287025
Quotation for the appointment of two or more training service providers to facilitate, assess and moderate the accredited problem-solving and decision-making three-day course and portfolio of evidence of 20 learners per programme for the unit standard ID number 242817, NQF level 4, as and when required.Proof of accreditation for unit standard ID number 242817 must be provided. 2018-09-25 10:00 Q04-2018/19 RE-ADVERT
As and when supply and delivery of diesel to Umjantshi House, Shosholoza Meyl Junction, Gauteng Nerve Centre and PRASA House for a period of 12 month. 2018-09-25 10:00 RFQ/O8/09/06/2018
Supply and refurbishment of Sulzer pumps and spares at Kriel Power Station for a period of 3 years. 2018-10-04 10:00 MPGXC005314
Request for quotation for appointment of a principal agent to design and supervise access road repairs at the Sentech’s De Aar and Queenstown transmitter sites. 2018-09-26 12:00 SENT140918/Road-Cons
Supply & Delivery of Water & Sewer Pipes and Fittings (2year rates tender) 2018-10-04 10:00 PROC 10/2018
Proficiency testing. 2018-09-28 23:00 OLT1126042
Supply and delivery of various valves on an as and when required basis for a period of five (5) years. 2018-10-01 14:00 MAT00312
Service fire sprinkler system and hydrants. 2018-10-01 12:00 KZN/CRES/08/2018/015/Q
Re-advert: Appointment of registered insurance broker for short-term insurance portfolio for a period of three years. 2018-10-02 09:00 RLM/BTO/123/2017/18
Supply & Delivery of Materials for Water Connections to Drakenstein Municipality (2year rates tender) 2018-10-04 10:00 PROC 09/2018
Consultancy Services - Designing a Programme for Renewable Energy Development in African Island States (REAIS) 2018-10-19 15:00 AUC/IED/C/378
Supply & deliver thermal imager, hygrometer & clamp meter. 2018-10-01 15:00 PR 10286501
Supply and delivery of laboratory consumables for a period up to 30 June 2019 2018-09-27 10:00 CES 22/2018
For the supply and delivery of alcoholic beverages and non-alcoholic beverages to the Blue Train for a period of 12 months on an as and when required basis or once (the quantity stipulated is purchased). 2018-10-02 10:00 ERACES4660-27979
The provision of maintenance and support services for the train cab system back office system on the Transnet Freight Rail Coal line for a period of 3 years. 2018-10-02 10:00 ERAC OGS SG540-26849
Supply and delivery of semi rigid asphalt with conventional open graded asphalt (popcorn mix) to Maydon Wharf. 2018-10-02 10:00 CRAC DNR 27853
Pauper funerals for Drakenstein Municipal Area from 19 October 2018 till 30 June 2019 2018-09-27 10:00 DSC0019702
Provision of functional job evaluations and functional job match assessments for RSR related job grades. 2018-10-02 10:00 TE18-KLP-19B-05686
Provision of helicopter services on an as and when required basis for a period of 24 months. 2018-10-02 10:00 PTH/54515

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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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