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Public Procurement Rules, 2004 QUESTION #1799
Question 1
Under Rule 25, the maximum permissible bid security that a procuring agency may require from bidders is:
  • Two percent of the estimated procurement value
  • Three percent of the estimated procurement value
  • Five percent of the estimated procurement value✔️
  • Ten percent of the estimated procurement value
Correct Answer Explanation
Rule 25 (as inserted via S.R.O. 834(I)/2021) stipulates that a procuring agency may require bidders to furnish a fixed amount of bid security not exceeding five percent of the estimated value of the procurement as determined by the procuring agency.