What Are the Different Types of Legal Tender?

Foreign-related bids refer to written materials for bid opening, evaluation, and final bidding prepared by bidders in accordance with the requirements and requirements of the bidding documents after receiving notice of eligibility verification during bids for foreign-related projects.

Foreign-related bids

Right!

Chinese name: Foreign-related bids
Nature: Competitive

Make up: Introduce the organization structure of the unit to the bidding unit
Function: A powerful weapon against competitors

(1) Competitiveness ^[1]

The function of the bid is mainly reflected in: the bidding unit can introduce the organization composition, technical strength, management level, quotation, etc. of the unit to the bidding unit through the bidding book, so that the bidding unit understands its own competitiveness; An important basis for winning or not; the bid is an important basis for cooperation between the two parties and a powerful weapon to defeat competitors. ^[1]

The bidding document has a prescribed format in the bidding documents, and the bidders only need to fill in the necessary data and sign. The format of the bids varies depending on the bidding project. The basic format can be divided into four parts: title, main delivery, main text and payment. ^[1]

Bids ^[1]

Name and address of the bidding project: ×××××××××

To: ×××××× (name of construction unit)

Address: ××××××

Dear Sirs,

(1) After studying the design drawings, specifications, contract conditions, and bill of quantities of the above-mentioned designated projects, according to the project construction and maintenance requirements specified in the above documents, we have signed this document, and hereby report it ××××× ) US dollars or other amounts that can be determined in accordance with the above documents, to undertake the construction, completion of the transfer and maintenance within the prescribed period for all the above projects.

(2) If this bid is accepted, we are willing to start construction within XX days after receiving the notice from the owner's engineer, and complete and deliver the entire project in accordance with the contract and tender documents.

(3) If this tender is accepted, we will pay a bank guarantee issued by ×××××××××××× where the amount is equivalent to X ×% of the above quoted price as stipulated in the contract Performance bond.

(4) We agree to abide by this bid within XX days from the date of bid opening. At any time before the deadline, this bid will always be binding on us and can be accepted at any time.

(5) Until the formal contract is signed, this tender, together with a written acceptance notice issued by you, will form part of a binding contract between us.

(6) We understand that you will not be bound to accept the lowest bid or any other bid you receive.

(Bid company name)

Name: ___________________________________________

Position: ___________________________________________

Signature or stamp: ___________________________________________

Date and place: ___________________________________________

Bid Contractor Name:

Name ___________________________________________ (Signature)

Position ___________________________________________

Date and place

Attachment II to the tender: Price analysis (omitted)

Annex III to the Tender: Foreign Exchange Requirements and Exchange Rate