What Is a Request for Tender?

Tendering is a term used in the bidding industry. It refers to the bidder (buyer) who issues a bidding notice or bid in advance. The variety, quantity and related trading conditions are proposed at a specified time and place. (Seller) Act to participate in bidding. [1]

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If the project approval procedures need to be performed in accordance with the relevant state regulations, the approval procedures should be performed first
Tender information [5]
My country
There are two ways to organize the bidding work, one is the owner's own organization, and the other is the bidding agency organization. Owner has compilation
project
A) Scope of construction projects that must be tendered
The following construction projects in the People's Republic of China, including project survey, design, construction, supervision, and procurement of important equipment and materials related to engineering construction, must be invited for tender:
1. Large infrastructure, utilities and other relationships
The tender process for government procurement is generally:
1. The purchaser compiles the plan and reports it to the Government Procurement Office of the Ministry of Finance for review;
2. The procurement office and the bidding agency handle the entrustment procedures and determine the bidding method;
3. Carry out market research and confirm the procurement project with the purchaser, and then prepare the bidding documents.
4. Issue tender invitation or tender invitation letter;
5. Sell tender documents and pre-qualify potential bidders;
6. Accept the bidder
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Compared with general trading methods, bidding mainly has the following three characteristics:
(1) Tendering is a one-off transaction by the participating enterprises in accordance with the conditions proposed by the bidder.
Bidding documents are documents prepared by the construction unit for bidding. The preparation of construction bidding documents must be systematic, complete, accurate and clear.
What is electronic bidding? That is, through computer, network and other information technologies, reorganize the bidding and bidding business, optimize the reorganization workflow, and perform a series of business operations such as online bidding, bidding, bid opening, bid evaluation and supervision and supervision on the network, and ultimately achieve efficient, professional, Standardized, safe and low-cost bidding management.
Using the Internet as the medium and using information technology to carry out the collaborative operation of the bidding business, the essence of electronic bidding and traditional bidding business is different. The real-time and synchronicity of the network breaks the traditional regional differences and space limitations. As long as the location is accessible to the Internet, users can initiate transactions with customers thousands of miles away and get real-time responses. Based on this,
The organization of bidding is divided into: after the bidding for entrusted bidding and self bidding are approved according to law, the bidder can choose the bidding agency to conduct the bidding independently according to the actual needs of the project and its own conditions; if it has the ability to bid on its own, After filing with the competent department for approval, they can also conduct their own bidding.
(1) Entrusted bidding
According to the "Tendering and Bidding Law":
1) The bidder has the right to choose the bidding agency without any influence and interference from any unit or individual.
2) The relationship between the bidder and the bidding agency is a principal-agent relationship. The bid invitation agency shall sign a written entrustment contract with the bid inviting party, and within the scope of the entrustment, organize bid invitations and complete bid invitation tasks in the name of the bid inviting party.
(2) Independent bidding
Self-inviting bidding means that the bidders rely on their own capabilities to handle and complete the bidding tasks of the bidding projects themselves.
1) The ability to bid on its own-has the ability to prepare tender documents and organize bid evaluation.
2) Approval and management of self-tendering conditions-Adopting pre-event supervision and post-event management supervision methods.
Ex-ante supervision-There are two main requirements:
First, the tenderer shall submit written materials with the conditions for self-bidding to the project authority;
The second is the approval of written materials by the competent authority.
Post-event supervision and management-The post-event supervision of the bidder's own bidding is mainly reflected in requiring the bidder to submit a written report on the bidding situation.
Detailed process of bidding
The most basic is the Law of the People's Republic of China on Tendering and Bidding
The second is the "Measures for Tendering and Bidding of Construction Projects" issued by the National Development Planning Commission, and "Provisions on Tendering Scope and Scale Standards for Construction Projects"
The above laws and regulations have detailed regulations on the bidding process. Here's a brief description:
[Tendering] The bidding process can generally be divided into three stages: preparation before the bid issuance, bidding and evaluation, and bid evaluation.
(I) Publication of tender invitation and pre-qualification announcement
(2) Prequalification
Qualification review generally mainly reviews:
  1. Have the right to independently sign contracts.
  2. Ability to perform contracts, including professional and technical qualifications and abilities, financial status, equipment and other facilities, management capabilities, experience, credibility and corresponding employees.
  3. Not in a state of being ordered to suspend business, bid qualifications were cancelled, property was taken over, frozen, or bankruptcy.
  4. In the past three years, there have been no fraudulent bids, serious breaches of contract and major engineering quality issues.
  5. Other qualifications required by laws and administrative regulations. Such as business license, legal representative's certificate or legal person's power of attorney, qualification certificate, production safety license, system certification, etc.
    (3) Other procedures
Bidders inspect the site; answer questions and make addendums to bidding documents; bidders prepare bids; bids; open bids; evaluate bids; issue notice of bids;
tender
  1. Study tender documents. The focus is on the bidder's instructions, contract terms, design drawings, project scope, scope of supply, equipment specifications, models, quantities, engineering scales, technical specifications and special requirements.
    2. Conduct detailed investigations. The key research areas are:
    (1) Laws and regulations related to bidding projects, labor and material supply conditions, equipment market leasing conditions, professional company operating conditions, price levels, etc.
    (2) Carefully investigate the natural conditions, construction conditions and environment of the specific project location. Such as the supply of geology and geomorphology, climate, transportation, hydropower, and other resources.
    (3) The status of project owners' implementation of project funds and the status of participating companies.
    (4) Participate in on-site surveys and pre-bid conferences to provide detailed information and answer questions.
    3. Review the project volume
    4. Preparation of bidding documents
    (1) The bidding documents shall respond to the substantive requirements of the bidding documents. The bidding documents generally include: bid letter, bid quote, construction organization design, business and technical deviation table.
    (2) The construction plan is the basis and prerequisite of the quotation, and it is also one of the important factors considered by the bidder when evaluating the bid. Therefore, when formulating a construction plan, there should be innovations in terms of technology, construction period, quality, safety assurance, etc., which will help reduce construction costs and be attractive to bidders. (3) Review or calculate the amount of works according to the bidding documents.
    (4) Determine the correct bidding strategy. It is reflected in reputation, low price, shortened construction period, improved design, advanced and special construction schemes. The technical content of the technical target: highlight its own advantages, such as equipment, technical strength, performance, etc .; highlight quality management, and the quality level should be better than the owner's requirements as far as possible; highlight the control advantage of the construction period; Objectives and measures; put forward some reasonable suggestions to the owner and some favorable conditions for the project construction.
    The business quotation strategy can adopt unbalanced quotation method, multi-plan quotation method, increase proposal method, sudden price reduction method, non-profit bidding method, first loss after profit method and other methods for quoting.
    5. Submit bid documents
    (1) Pay attention to the deadline for submission of bids, which is the deadline for submitting bids.
    (2) The bidding documents shall respond to the substantive requirements and conditions proposed in the bidding documents, such as technical indicators, quality standards, construction periods, schedules, quotation limits, etc.
    (3) The bidding documents shall be complete in accordance with the requirements of the bidding documents.
    So the project bidding procedure is:
    Study bidding documents conduct detailed investigations and studies review project quantities prepare bid documents submit bid documents
    [Bid Opening and Evaluation]
    (1) Bid Opening
    The bid opening time shall be made public at the same time as the deadline for submission of bid documents.
    The bid opening place shall be the place predetermined in the bidding documents.
    (II) Evaluation and Calibration
    1. Composition of the bid evaluation committee. It is generally composed of bidder representatives and technical and economic experts, and its number of members is more than five. Among them, experts in technology, economics, etc. shall not be less than two-thirds of the total number of members.
    2. Bid evaluation principle: open, fair and just.
    3. Review method. Strictly follow the bid evaluation methods and standards announced in the bidding documents.
    4. During the bid opening and evaluation process, there are less than three valid bids, and the bidding is invalid, and re-tendering is required.
Ministry of Finance Revises Administrative Measures for Government Procurement of Goods and Services Bidding
The Ministry of Finance has recently revised the "Administrative Measures for Tendering and Bidding of Government Procurement of Goods and Services" (Ministry of Finance Order No. 18), and the revised "Administrative Measures for Tendering and Bidding of Government Procurement of Goods and Services" has been reviewed and approved by the Ministry of Finance. It is hereby announced that it will be implemented as of October 1, 2017.
Chapter I General Provisions
Article 1 In order to regulate the procurement behavior of government procurement parties, strengthen the supervision and management of bidding and tendering activities for government procurement of goods and services, and safeguard the national interests, public interests and the lawful rights and interests of parties to government procurement tendering and bidding activities. The Procurement Law (hereinafter referred to as the Government Procurement Law), the Regulations for the Implementation of the Government Procurement Law of the People's Republic of China (hereinafter referred to as the Regulations for the Implementation of the Government Procurement Law), and other relevant laws and regulations provide that these Measures shall be formulated.
Article 2 These Measures apply to the bidding and tendering activities of government procurement of goods and services (hereinafter referred to as goods and services) within the territory of the People's Republic of China.
Article 3 Tendering for goods and services is divided into open tendering and invitational tendering.
Public bidding refers to a procurement method in which a purchaser invites unspecified suppliers to participate in bidding by means of a tender announcement in accordance with the law.
Inviting bidding refers to a procurement method in which a purchaser randomly selects three or more suppliers from suppliers that meet the corresponding qualifications and invites them to participate in bidding in the form of an invitation to bid.
Article 4 For government procurement projects that belong to the local budget, the people's governments of provinces, autonomous regions, and municipalities directly under the Central Government may determine the amount of public bidding standards applicable to provincial, district, and city-level public bidding in their respective administrative regions based on actual conditions.
Article 5 The purchaser shall implement government procurement policies such as energy conservation, environmental protection, support for underdeveloped areas and ethnic minority areas, and promotion of the development of small and medium-sized enterprises in the bidding and tendering of goods and services.
Article 6 The purchaser shall establish and improve the internal control system of government procurement in accordance with the requirements of the internal control norms of administrative institutions, and formulate government procurement budgets and implementation plans, determine procurement requirements, organize procurement activities, perform acceptance inspections, respond to inquiries, questions, and cooperate. Complaint handling and supervision and inspection have strengthened internal control management.
The purchaser shall not solicit or accept from the supplier gifts, rebates or other goods and services not related to the purchase.
Article 7 The purchaser shall determine the attributes of the procurement project in accordance with the "Category of Catalogue of Government Procurement Items" formulated by the Ministry of Finance. If it cannot be determined according to the "Category of Government Procurement Items", it shall be determined in accordance with the principles conducive to the implementation of procurement projects.
Article 8 Where a purchaser entrusts a procurement agency to conduct bidding on its behalf, the procurement agency shall carry out procurement activities in accordance with the law within the scope entrusted by the purchaser.
Procurement agencies and their branches shall not bid on behalf of the procurement projects they represent, or provide bidding consultations for the bidders of the procurement projects they represent to participate in this project.
Chapter II Bidding
Article 9 For government procurement projects that are not included in the centralized procurement catalog, the purchaser may invite bids on its own, or may entrust a procurement agency to act as an agent within the scope of the commission.
If the purchaser organizes the bidding activities by himself, the following conditions shall be met:
(1) Having the ability and conditions for preparing tender documents and organizing tenders;
(2) There are professionals suitable for the specialty of the procurement project.
Article 10 The purchaser shall conduct a market survey on the market technology or service level, supply, price, etc. of the purchase target, determine the purchase demand scientifically and reasonably according to the survey situation, asset allocation standards, and conduct price calculations.
Article 11 Purchasing needs shall be complete and clear, including the following:
(1) the functions or objectives to be achieved in the procurement target, and the requirements to be fulfilled in order to implement the government procurement policy;
(2) the relevant national standards, industry standards, local standards or other standards and specifications to be implemented in the procurement target;
(3) Quality, safety, technical specifications, physical characteristics and other requirements to be met by the procurement target;
(4) the quantity of the purchase target, the time and place for the delivery or implementation of the purchase item;
(5) The service standards, deadlines, and efficiency requirements of the procurement target;
(6) Acceptance criteria for purchase targets;
(7) Other technical and service requirements of the purchase target.
Article 12 The purchaser may reasonably set the maximum price limit within the purchase budget limit, but may not set the minimum price limit, based on the price measurement.
Article 13 The public tender announcement shall include the following main contents:
(1) the name, address and contact method of the purchaser and the procurement agency it entrusts;
(2) Where the maximum price is set for the name and budget of the procurement project, the maximum price shall also be disclosed;
(3) the purchasing requirements of the purchaser;
(4) Qualification requirements of bidders;
(5) The time limit, place, method and price of obtaining bidding documents;
(6) Announcement period;
(7) Deadline for bid submission, time and place for bid opening;
(8) Name and telephone number of the contact person for the procurement project.
Article 14 In the case of invitation to bid, the purchaser or procurement agency shall generate a list of qualified suppliers through the following methods, and randomly select three or more suppliers to issue invitations to them:
(1) Call for announcements of prequalification announcements;
(2) Select from a supplier database established by the financial department of the people's government at or above the provincial level (hereinafter referred to as the financial department);
(3) The written recommendation of the purchaser.
Where a list of qualified suppliers is generated using the first paragraph of the preceding paragraph, the purchaser or procurement agency shall pre-qualify potential bidders in accordance with the standards and methods specified in the pre-qualification documents.
Where the first or second or third method is used to generate a list of qualified suppliers, the total number of alternative qualified suppliers shall not be less than twice the total number of suppliers to be randomly selected.
Random selection refers to the selection of suppliers by means of lottery, which can ensure equal opportunities for all qualified suppliers. When randomly selecting suppliers, there should be no less than two staff members of the purchaser on site to supervise and form a written record, which should be archived along with the procurement documents.
Invitations to bid shall be issued to all invited suppliers at the same time.
Article 15 The pre-qualification announcement shall include the following main contents:
(1) Articles 1 to 4, 6, and 8 of Article 13 of these Measures;
(2) the time limit, place and method for obtaining pre-qualification documents;
(3) Deadline, place and date for submitting prequalification application documents.
Article 16 The announcement period of the bid invitation announcement and pre-qualification announcement is 5 working days. The content of the announcement shall be based on the announcement issued by the media designated by the financial department at or above the provincial level. The announcement period shall be counted from the day when the media designated by the financial department at or above the provincial level issue the announcement first.
Article 17 The purchaser or procurement agency shall not take the bidder's registered capital, total assets, operating income, employees, profits, tax amount and other scale conditions as qualification requirements or evaluation factors, and shall not pass the Manufacturers' authorizations, commitments, certifications, endorsements, etc. are required as qualification requirements to implement differential or discriminatory treatment for bidders.
Article 18 The purchaser or the procurement agency shall provide the bidding documents or prequalification documents at the time and place specified in the bid invitation announcement, prequalification announcement or invitation to bid. Less than 5 working days. If the number of potential bidders who have obtained bidding documents or pre-qualification documents after the expiration of the period of provision is less than three, the period of provision may be postponed and an announcement shall be made.
In the case of public bidding for pre-qualification, the bid invitation announcement and pre-qualification announcement may be combined and issued, and the bidding documents shall be provided to all suppliers that have passed the pre-qualification.
Article 19 Purchasing agents or procurement agencies shall, according to the implementation requirements of the procurement project, indicate in the bid invitation announcement, pre-qualification announcement or bid invitation whether to accept the bidding of the consortium. If it is not specified, the consortium shall not refuse to bid.
Article 20 The purchaser or procurement agency shall compile the bidding documents according to the characteristics of the procurement project and the procurement requirements. The bidding documents shall include the following main contents:
(1) Invitation to bid;
(2) Notice to bidders (including the requirements for sealing, signing and stamping bid documents);
(3) Qualification and credit certification documents that bidders should submit;
(4) In order to implement the government procurement policy, the requirements to be met for the procurement target, and the certification materials required by the bidder;
(5) The requirements for the preparation of bid documents, the bid quotation requirements, the payment and return of bid deposits, and the non-refundability of bid deposits;
(6) If the maximum amount of the purchase project budget is set, the maximum price shall also be disclosed;
(7) Technical specifications, quantity, service standards, acceptance requirements of procurement items, including attachments, drawings, etc .;
(8) the text of the contract to be signed;
(9) the time, place and method of providing goods and services;
(10) Payment methods, time and conditions for the purchase funds;
(11) bid evaluation methods, bid evaluation standards, and invalidity of bids;
(12) the validity period of the bid;
(13) Deadline for bid submission, time and place for bid opening;
(14) Standards and methods for collecting agency fees of procurement agencies;
(15) Channels and deadlines for inquiring credit information of bidders, specific ways of keeping credit information inquiry records and evidence, and rules for using credit information;
(16) Other matters stipulated by financial departments above the provincial level.
For the substantive requirements and conditions that do not allow deviation, the purchaser or the procurement agency shall stipulate it in the bidding documents and indicate it in a conspicuous manner.
Article 21 The purchaser or procurement agency shall compile pre-qualification documents based on the characteristics of the procurement project and procurement requirements. The pre-qualification documents shall include the following main contents:
(1) Invitation for pre-qualification;
(2) Notes for applicants;
(3) Qualification requirements of the applicant;
(4) Qualification review standards and methods;
(5) The content and format of the prequalification application documents that the applicant should provide;
(6) The method, deadline, place and date for submitting pre-qualification application documents;
(7) Contents of the applicant's credit information inquiry channels and deadlines, specific ways of credit information inquiry records and evidence retention, and rules for using credit information;
(8) Other matters stipulated by financial departments above the provincial level.
The pre-qualification documents shall be provided free of charge.
Article 22 Purchasers and procurement agencies shall generally not require bidders to provide samples, except for special circumstances such as failure to accurately describe procurement requirements by written means or subjective judgment of samples to confirm that procurement requirements are met.
If bidders are required to provide samples, the bidding documents shall clearly specify the standards and requirements for sample production, whether relevant test reports need to be submitted with the samples, the evaluation methods for the samples, and the evaluation standards. Where a test report needs to be submitted with the sample, the requirements of the testing agency and the content of the test should also be specified.
After the procurement activities are completed, the samples provided by the unsuccessful bidder shall be returned in time or processed without the consent of the successful bidder; the samples provided by the successful bidder shall be kept and sealed in accordance with the provisions of the bidding documents and used as a reference for performance acceptance .
Article 23 The valid period of a bid shall be counted from the deadline for submission of bid documents. The valid period of bidding promised in the bidding documents shall be no less than the valid period of bidding stated in the bidding documents. If the bidder cancels the bidding documents within the validity period of the bidding, the purchaser or the procurement agency may not refund the bid security.
Article 24 The selling price of bidding documents shall be determined in accordance with the principle of making up and mailing costs. It shall not be used for profit, and the amount of bidding procurement shall not be used as the basis for determining the selling price of bidding documents.
Article 25 The contents of the bid invitation documents and pre-qualification documents shall not violate laws, administrative regulations, mandatory standards, government procurement policies, or the principles of openness, transparency, fair competition, fairness, and good faith.
In the circumstances described in the preceding paragraph, which affect the bidding or prequalification results of potential bidders, the purchaser or procurement agency shall revise the bidding documents or prequalification documents and re-bid.
Article 26 The purchaser or procurement agency may organize a site inspection of potential bidders who have obtained the bidding documents or hold a question-and-answer meeting before the bid opening after the deadline for the submission of bidding documents.
Where an on-site inspection is organized or a question-and-answer meeting is held, it shall be stated in the bidding documents, or all potential bidders who have obtained the bidding documents shall be notified in writing after the deadline for the submission of bidding documents.
Article 27 The purchaser or the procurement agency may make necessary clarifications or amendments to the issued bidding documents, pre-qualification documents, and invitations to bid, but may not change the subject matter and qualifications of the procurement. Clarifications or amendments shall be made on the original announcement media. The clarifications or amendments are part of the bidding documents, pre-qualification documents, and invitations to bid.
If the clarification or modification may affect the preparation of bidding documents, the purchaser or procurement agency shall notify all potential bidders who have obtained the bidding documents at least 15 days before the deadline for bidding; if less than 15 days, the purchaser or procurement agent Institutions should postpone the deadline for submitting bidding documents.
If the clarification or modification may affect the preparation of prequalification application documents, the purchaser or procurement agency shall notify all potential bidders who have obtained prequalification documents in writing at least 3 days before the deadline for submission of prequalification application documents; less than 3 days If it is, the purchaser or the procurement agency shall postpone the deadline for submitting prequalification application documents.
Article 28 Prior to the deadline for bidding, purchasers, procurement agencies and relevant personnel shall not disclose to others the names and numbers of potential bidders who have obtained bidding documents, and other circumstances related to bidding that may affect fair competition.
Article 29 After issuing a bid invitation announcement, pre-qualification announcement or invitation to bid, a purchaser or procurement agency shall not terminate the bidding activities without authorization, except for the cancellation of the procurement task due to a major change.
If the bidding is terminated, the purchaser or procurement agency shall promptly publish the termination announcement in the original announcement media, notify the potential bidders who have obtained the bidding documents, prequalification documents or invitations in writing, and cancel the project implementation and procurement tasks The reason is reported to the financial department at this level. Where the bidding document fee or bid security deposit has been collected, the purchaser or procurement agency shall refund the bidding document fee collected and the bid security deposit collected and its interest generated in the bank within 5 working days after the termination of the procurement activities.
Chapter III Bidding
Article 30 Bidders refer to legal persons, other organizations or natural persons who respond to bid invitations and participate in bidding competitions.
Article 31 For procurement projects using the lowest bid evaluation method, if different bidders offering the same brand of products participate in the bidding under the same contract, the bid evaluation that passed the qualification review, compliance review, and the lowest bid will be used; If the bidder or commissioner entrusts the bid evaluation committee to determine a bidder to participate in the bid evaluation in the manner prescribed in the bidding documents, the bidding documents are not determined by random selection, and other bids are invalid.
Purchasing items using the comprehensive scoring method, where different bidders who provide products of the same brand and pass the qualification and compliance checks participate in the bidding under the same contract, calculated according to one bidder, and the bidder with the highest score after the review wins the bid Recommendation qualification; if the evaluation score is the same, the purchaser or the purchaser entrusts the bid evaluation committee to determine a bidder to obtain the bidder's recommendation qualification according to the method specified in the bidding documents. The bidding documents are not determined by random selection. Other bidders of the same brand Not as a successful candidate.
For non-single product procurement projects, the purchaser shall reasonably determine the core products based on the technical composition of the procurement project and the proportion of product prices, and shall specify them in the bidding documents. If the core product brands provided by multiple bidders are the same, they shall be handled in accordance with the provisions of the preceding two paragraphs.
Article 32 Bidders shall prepare bid documents in accordance with the requirements of the bid invitation documents. The bidding documents shall clearly respond to the requirements and conditions raised in the bidding documents.
Article 33 The bidder shall send the bidding documents to the bidding place in a sealed form before the deadline for submission of bidding documents required by the bidding documents. After receiving the bid documents, the purchaser or procurement agency shall truthfully record the time and seal of delivery of the bid documents, sign the receipt and keep it, and issue a signing receipt to the bidder. No unit or individual may open the bidding documents before the bid opening.
If the bidding documents are delivered after the deadline or are not sealed in accordance with the requirements of the bidding documents, the purchaser and purchasing agency shall refuse to accept them.
Article 34 Before the deadline for bidding, the bidder may supplement, modify or withdraw the submitted bidding documents, and notify the purchaser or the procurement agency in writing. The supplementary and modified contents shall be signed, sealed and sealed in accordance with the requirements of the bidding documents, and shall be used as an integral part of the bidding documents.
Article 35 In accordance with the provisions of the bidding documents and the actual situation of the procurement project, the bidder intends to subcontract non-principal and non-critical work of the winning project after winning the bid, it shall specify the subcontracting entity in the bidding document, The subcontracting entity shall have the corresponding qualifications and shall not subcontract again.
Article 36 Bidders shall follow the principle of fair competition, shall not engage in malicious collusion, shall not obstruct the competition of other bidders, and shall not damage the legitimate rights and interests of the purchaser or other bidders.
If the bidder is found to have the above-mentioned situation during the bid evaluation process, the bid evaluation committee shall determine that his bid is invalid and report it in writing to the financial department at the same level.
Article 37 In any of the following circumstances, the bidder shall be deemed to have colluded in the bid, and his bid shall be invalid:
(1) The bidding documents of different bidders are prepared by the same unit or individual;
(2) different bidders entrust the same unit or individual to handle bidding matters;
(3) The project management members or associates specified in the bid documents of different bidders are the same person;
(4) The bid documents of different bidders are abnormally consistent or the bid quotes are regularly different;
(5) Mixed bidding documents of different bidders;
(6) The bid deposits of different bidders are transferred from the accounts of the same unit or individual.
Article 38 If the bidder withdraws the submitted bidding documents before the deadline for bidding, the purchaser or procurement agency shall return the bid security deposit received within 5 working days from the date of receipt of the bidder's written notice of withdrawal , Except for those that cannot be returned in a timely manner due to the bidder's own reasons.
The purchaser or the procurement agency shall refund the bid deposit of the unsuccessful bidder within 5 working days from the date of the issuance of the bid notification, and shall return the bid deposit of the successful bidder or convert to the successful bid within 5 working days from the date of the purchase contract signing. Human performance bond.
If the purchaser or the procurement agency returns the bid security deposit overdue, in addition to the principal of the bid security deposit, the overdue capital occupation fee shall be paid at the interest rate of the People s Bank of China s benchmark loan interest rate of 20% over the same period, but due to the bidder s own reasons Except those that cannot be returned in time.
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