- Pricing:\n * Submit pricing as per the official Bills of Quantities (BOQ) or Activity Schedule.\n * All prices must be inclusive of applicable taxes (VAT to be shown separately if applicable).\n * Bid price must be all-inclusive and fixed for the contract duration.\n- Payment terms: As per the General Conditions of Contract (GCC 2015).\n- Performance Bond/Guarantee:\n * The preferred tenderer must submit an approved insurer undertaking to provide a Performance Bond/Guarantee/Surety/Security as per contract data.\n- Financial capacity:\n * The employer may request additional information such as bank ratings to establish financial capacity.\n * Non-submission or late submission of such information may result in the bid being declared non-responsive.\n- Costs: The employer will not compensate tenderers for any costs incurred during the tender process.
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
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