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 a service provider for the proposal to plan, design and project manage the implementation of a fence at Abe Bailey Nature Reserve 2017-12-15 11:00 GT/ GDARD/ 173/ 2017
Appointment of a service provider for the proposal to plan, design and project manager for the construction of boreholes, installation of electricity and irrigation systems 2017-12-15 11:00 GT/ GDARD/ 170/ 2017
Request for Cleaning and Hygiene Services for SITA Newcastle Office for a period of 51 months. 2017-12-15 11:00 RFB 1671/ 2017
Appointment of a service provider to supply and installation of hygiene dispensing units at SITA Centurion, Erasmuskloof, Numerus and BETA restrooms 2017-12-15 11:00 RFB 1665/ 2017
Rendering of professional, support, auxiliary and security services at the Secure Care Centre for 28 male and 12 female youth (ages between 14 and 18 years) in conflict with the law, Springbok (Namakwa District), for a period of 36 months. 2017-12-22 11:00 NC/ SOC/ 008/ 2017
National key point security services for PetroSA in Mossel Bay and at George Heliport. 2017-12-14 10:00 CTT0000016485
Supply, delivery and printing services for a period of 24 months as and when required 2017-12-21 11:00 LNM079/2017/18
The construction of 50 sow piggery for Intandela multipurpose and project cooperative at Goodhome under Ntabamhlophe area in ward 14 of Inkosi Langalibalele Local Municipality under Uthukela District Municipality in the Kwazulu-Natal province 2017-12-14 11:00 SS-KZN 7/1/6/3 (642) 000R
Implementation of GRAP 12;16 and 17 assets register for a period of a period of three years 2018-01-02 12:00 SCM/FS05/2017/2018
Construction of Sewer Lines Tarka Mossel Bay 2018-01-12 12:00 45-17/18
Construction of the extension of Taung library 2018-01-02 12:00 SCM/SS06/2017/2018
The Supply and delivery of 7 x Sealing End 132kv 400SQ CU of D2872 2018-01-23 13:00 DX 756
Guarding and Security Services at the Overberg District Municipality’s Bredasdorp and Caledon Offices 2017-12-18 12:00 T16-2017/18
Construction of Leboeng Access Road 2018-01-09 12:00 FGTM/TS56/17/18
Construction of Tukakgomo Access Road 2018-01-09 12:00 Construction of Lefahla Access Bridge
Construction of Lefahla Access Bridge 2018-01-09 12:00 FGTM/TS54/17/18
Manufacture, Installation, Supply and delivery of Superstructure on Fire Truck for Medupi Power Station Project. (Eskom to Provide Chassis and Cab) 2017-12-14 14:00 PS(M)2017/PVD/01
The supply, delivery and erection of 12 km of hing joint mesh fence for crop fields and 8 km 6 Strand barbed wire fence for grazing camps for Iso Lomuzi Farming services at Nyonini Village in ward 15 of Umfolozi Local Municipality under King Cetshwayo District Municipality within the Kwazulu- Natal province 2017-12-15 11:00 SS-KZN 7/1/6/3 (638) 000R
Supply, delivery, installation, training and ongoing maintenance of a municipal automated document management and workflow system for a period of 36 months 2018-01-04 12:00 FGTM/TS53/17/18
Events management services (Panel) 2018-01-04 12:00 FGTM/TS52/17/18

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Functionality and Tenders

In all competitive bids (tenders) you as the bidder will have to respond to Functionality. You will need to score a set minimum number of points, measured as a percentage, on Functionality of a competitive bid (tender) in order to advance to the next phase of evaluation in the tender process.

Usually Organs of State evaluate competitive bids (tenders) as follows:

  • The tender response is evaluated on Functionality where the bidder must score points out of a maximum of 100 points.
  • A threshold of between 65 to 75 out of 100 points... Read More
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