Pricing: Must include VAT and cover all costs (delivery, design, setup, branding). Submit a completed price declaration form (SBD1) with detailed breakdown. Price validity: 90 days from submission. Bid validity: 60 days from submission. Payment terms: Original tax invoices and supporting documents (e.g., delivery notes, bank details verification) must be submitted to SCC by the 1st business day of the month for payment by month-end. Payments are made via electronic bank transfer within 30 days of invoice submission. No penalty interest applies for late documentation. Performance security: May be required within 30 days of contract award (forms: bank guarantee, irrevocable letter of credit, or cashier’s cheque). Currency: South African Rand (ZAR).
Threshold: 90 days
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
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