1. Why is it that bank draft is not included among the forms of bid security to be submitted by the prospective bidders?

Although Section 18.1 of the Revised Implementing Rules and Regulations of Republic Act No. 9184 provides for the forms of Bid Security, it is not restrictive as to limit the discretion of the procuring authority in choosing what form of Bid Security is to be submitted by the prospective bidders (Ref. Manual of Procedures for the Procurement of Goods and Services Volume 2).   

Inasmuch as the Bid Security is so required for the protection of the procuring entity, the latter may choose a form of security from among those enumerated which it deemed to be advantageous to its interest, i.e, easier to call, and at the same time, accessible to bidders.           

2. Is a “SINGLE, CONSOLIDATED” Bid Security posted in a prescribed form, sufficiently covering the required amount for all the three (3) lots being bid out for be acceptable?  

Yes, as the 2% Bid Security shall be based on the total bid of the prospective bidders, and not on a per lot basis if the bidder is bidding for two or more lots.  

(See Bid Bulletin No. 1)

3. The Invitation to Bid states that bids received in excess of the ABC per lot and per item shall be automatically rejected at bid opening. Can the per item basis be reconsidered?

No. The bid should not exceed the unit cost of each item.

The unit cost is reasonably based on the latest canvass, inclusive already of taxes and other considerations.