Bid Security Declaration (BSD)

Bid Security Declaration (BSD)

(Printed on Company Letterhead. Used when EMD is exempted.)

To,
[Insert Department/Buyer Name]

Sub: Bid Security Declaration
Tender Reference No: [Insert Tender Number]

Dear Sir/Madam,

I/We, the undersigned, declare that:

I/We understand that, according to your tender conditions, bids must be supported by a Bid Security Declaration in lieu of an Earnest Money Deposit (EMD).

I/We accept that our company/firm will automatically be suspended from being eligible for bidding in any contract with your department for the period of time specified in the tender document, if we are in breach of our obligation(s) under the bid conditions, because we:

• Have withdrawn or modified our bid during the period of bid validity specified in the tender document; or
• Having been notified of the acceptance of our bid by the purchaser during the period of bid validity, (i) fail or refuse to execute the contract, or (ii) fail or refuse to furnish the Performance Security as per the tender instructions.

Date: [Insert Date]
Authorized Signatory: (Signature & Company Seal)