Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does the Government of Canada consider to be an acceptable form of bid security?

April 26, 2017acceptable bid form government security

0

Posted

What does the Government of Canada consider to be an acceptable form of bid security?

1 Answer

0

Posted

Bid security may take the form of a government guaranteed bond, bill of exchange, irrevocable standby letter of credit, or a surety bond. The bidder has the choice of which form of financial security will be used.