Performance Security Calculator
Note:
- As per Nepal's Public Procurement Regulations, Performance Security is required to ensure the selected bidder fulfills the contract.
- This formula is used when the bid price is below 85% of the estimated cost.
- If the bid is 85% or more, only 5% of the bid price is generally required.
- Ensure compliance with Clause 27 and Rule 75 of Public Procurement Regulation.
- As per Nepal's Public Procurement Regulations, Performance Security is required to ensure the selected bidder fulfills the contract.
- This formula is used when the bid price is below 85% of the estimated cost.
- If the bid is 85% or more, only 5% of the bid price is generally required.
- Ensure compliance with Clause 27 and Rule 75 of Public Procurement Regulation.
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