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.
Appointment of a Travel Management Company for the Ministry of Defence and Military Veterans. 2018-10-02 11:00 ESUS/2018/17
Appointment of Town Planner to attend to the land use rights applications of erf 15964, Paulus street, Paarl 2018-09-27 10:00 DCG0011622
Supply and Installation of new air conditioners at Salt River Relay rooms, Nokqubela, Stikland, Vlottenberg, Observatory and Koerberg Station. 2018-10-02 15:00 RFQ 165/2018
The University of South Africa invites tenders from suitably qualified service providers to provide the University with professional civil and structural engineering services for the Sunnyside development design and project management 2018-10-03 12:00 PT2018/17
As and when for plumbing at various stations in the Western Cape Region. 2018-10-02 15:00 RFQ 175/2018
Training: Accredited service providers to facilitate an accredited forklift refresher course. (Valid from 01 July 2018 till 30 June 2019) 2018-09-27 10:00 DCG0011616
Training: Accredited service providers to facilitate an accredited medium / high voltage cable jointing course NQF level 4. (Valid from 01 July 2018 till 30 June 2019). 2018-09-27 10:00 DCG0011586
Staff transportation of Transnet employees at Operations General Freight Business (OPS GFB) depot and 2279 depot for a period of 6 months (01 November 2018 – 30 April 2019). 2018-10-04 10:00 ERAC-EMU-27808-MM-109
Financial accounting support for 2018/19 financial year (Re-advert). 2018-10-04 11:00 MLM/FIN/03/2018/19
Training: Accredited service providers to facilitate an accredited truck mounted crance refresher course NQF level 3. (Valid from 01 July 2018 till 30 June 2019) 2018-09-27 10:00 DCG0011583
Design and Construction of Matipana to Madikand gravel to tar road. 2018-10-04 11:00 mlm/tech/04/2018/19
Supply and Delivery of Microbiological Air Sampler 2018-10-04 11:00 iThemba LABS – RFQ/2018/19:71
Supply & delivery of excellence awards certificate frames. (Valid till 31 January 2019). 2018-09-27 10:00 WEB 27: 2018/2019
Request for Expression of Interest for Panel of Experts - Hydro-Mechanical Expert 2018-10-15 15:00 5506
Supply & delivery of power marker tape 3M 1500 EMS (6m spacing) 305m. (Valid til 30 June 2019) 2018-09-27 10:00 WEB 26: 2018/2019
Accounting and audit services. 2018-09-26 08:00 7G‐40428
Supply & delivery of coldmix all weather premix 30kg bags for Street section. (Valid til 30 June 2019) 2018-09-27 10:00 WEB 25: 2018/2019
Design manufacture supply installation testing commissioning and training of traction motor drop pit at the Transnet Engineering Krugersdorp Depot. 2018-10-09 10:00 TE18-GMX-08K-05251
Supply & delivery of hygiene toilet consumables. (Valid till 30 June 2019) 2018-09-27 10:00 WEB 15:2018/2019 (READVERTISE)
Integrated Business Planning. 2018-10-09 10:00 TE18-KLP-09B-06735

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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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