Bid Security

Overview

This entity refers to the Bid Security schedule where the Bid Security amount must be equal to a percentage of the approved Budget Control as specified in the RA and IRR.

 

Navigation

Catalogues ► Bid Security
 
 

Bid Security screen fields

Field

Description

Code

Unique identification code.

Active

Active status - if checked Bid Security is active.

Description

Description of the Bid Security.

Approved Budget Contract Percentage

The amount corresponding to a certain fee.

Procedure
 
User: Admin
 
  1. User is logged into the system.
  2. User goes to Bid Security option.
  3. System presents Bid Security form.
  4. User clicks on ‘Create’ Button.
  5. User fills out the Bid Security information form presented by the system.
  6. User clicks ‘Save’ button to save the Bid Security information.
  7. If users does not save the Bid Security information, system does not record it and shows error message.