- A Bid Security is not required for bide amount less than PGK1 Million.
- A refundable fee of PGK50,000.00 in the form of a Bank cheque made payable to National Procurement Commission or Valid Bank Guarantee per tender must be submitted for any bid amount between PGK1 Million to PGK10 Million.
- Bid amounts exceeding PGK10 Million are required to submit PGK100,000.00 bank cheque or Valid Bank Guarantee.
Bid Security for successful bidders will be RETAINED.