Extract guarantee type, amount, validity and release terms from the tender documents. List bank fees and credit-limit impact separately in the bid.
Before bidding, extract guarantee type, amount, currency, validity and release terms from the tender clause. Obtain written bank fees and credit-limit impact, then calculate the bid effect with finance. Do not assume acceptable form or legal treatment; verify against tender documents and an authorized adviser.
Find when and in what form the tender requires security. Link amount, validity, beneficiary, extension and release steps to the relevant clause.
Ask the bank in writing for fees, credit limit used and renewal conditions for the required form and bid-validity period. Assess price, cash flow and limit cost separately.
Do not assume an alternative security is accepted. Verify the procurement terms, current applicable rule and bank wording approval before submitting the bid.
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