A bid security is not required for bid amounts less than PGK1 Million.
- A refundable fee of PGK10,000.00 bank cheque or valid bank guarantee per tender must be submitted for any bid amount between PGK1 Millio to PGK10 Million.
- Bid amounts exceeding PGK109 Million are required to submit PGK20,000.00 bank cheque or valid bank guarantee together with their bid submission for each tender
Bid Security for successful Bidders will be RETAINED.