Bid Security and Payment Method Corrigendum for LG&CD Civil Division Gujrat Tender

This corrigendum informs all concerned contractors about the updated bid security and payment submission conditions for the e-tender notice published on PPRA with Unique Code 255023T310820264518 for the Local Government & Community Development Department, Civil Division Gujrat. The key update clarifies that bidders must submit bid security equal to 5% of the estimated cost exclusively through a Digital Bank Guarantee (e-Bank Guarantee) or a 1 Link payment method via the Punjab e-Procurement System. The bidder is required to generate the PSID from the e-Procurement Portal and coordinate with their bank to issue and transmit the Digital Bank Guarantee through SWIFT MT760 or 1 Link payment method in favor of the Executive Engineer LG&CD Civil Division Gujrat. Physical bid securities such as CDR, Pay Order, or Demand Draft will not be accepted, and bids lacking a valid Digital Bank Guarantee or online payment will be rejected. Additionally, the issuing bank must transmit the Bank Guarantee through SWIFT MT760 or 1 Link payment to the designated advising bank with the correct Tender Reference Number and PSID. Other terms and conditions remain unchanged as per the original tender notice uploaded on the PPRA website. This corrigendum ensures transparency and compliance with the digital payment process for the procurement of civil works under LG&CD Gujrat. Items being procured: Specific item list not provided in the notice. Bidders should ensure timely generation of PSID and proper coordination with their banks to avoid disqualification. The submission deadline remains as per the original tender notice. It is advisable to carefully review the PPRA portal for any further updates or clarifications. This digital payment method enhances security and efficiency in the procurement process, aligning with Punjab e-Procurement System standards.