The Tender should be submitted in (4) separated envelopes, closed with red sealing wax and with the stamp of the bidder, writing clearly the name of the project, the bid number and the name of the participating Body on each envelope.
- The first envelope should include a priced financial proposal (original + 1 copy)
- The second envelope includes a technical proposal (original + 2 copies). As well as the validity of the proposal shall be three months at least from the closing date stated in this announcement.
- The third envelope should contain an un-priced financial proposal without price(original + 1 copy) (do not mention the price), otherwise, it will be rejected and has to contain the required financial conditions and the required method of payment, with the necessity to agree on all AGOCO general terms and conditions.
- The forth should contain Bid Bond (a preliminarily guarantee in separate closed envelope).
The Contractor shall be at his own expense obtain and maintain for the Company a bidbond in an amount equal %0.05of the submitted proposal valueSuch Bond shall be established as an irrevocable, Certified cheque or unconditional and confirmed Letter of Guarantee or Stand-by Letter of Credit through a First Class Libyan bank or through a First Class European Bank confirmed and advised to the Company through Libyan Foreign Bank (LFB)-Tripoli, or through British Arab Commercial Bank (BACB)-London anddeliverswith offers and must be the text of this guarantee acceptable to the company and is rewind to those who do not anchor the tender.
Note: the validity of the bid bond should berenewed automatically