Guideline No. 3 of 2014 on Bid and Performance Securities

The guidelines herein focus on bid and performance securities for procurement processes. It specifies that bid security is required for open domestic and open international bidding but not for consultancy services. The bid security amount should be a fixed sum, determined by the Procuring and Disposing Entity, between 1% and 2% of the estimated bid value. A bid securing declaration is used for restricted domestic bidding and quotations procurement methods, and no bid security is required for consultancy services. Regarding performance security, it should be between 5% and 10% of the expected contract value and is not required for procurements related to consultancy services.