Bid Security and Payment Method Corrigendum for LG&CD Civil Division Gujrat Tender IPL-8986

This corrigendum notice is issued by the Executive Engineer of LG&CD Civil Division Gujrat to inform all concerned contractors about important updates regarding the bid security and payment method for the tender IPL-8986 published on 29-08-2026. The key update clarifies that bidders must submit bid security equal to 5% of the estimated cost only 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 arrange for the scheduled bank to issue and transmit the Digital Bank Guarantee through SWIFT MT760 or the 1 Link payment method in favor of the Executive Engineer LG&CD Civil Division Gujrat. Physical bid securities such as CDR, Pay Order, Demand Draft, etc., will not be accepted. Bids submitted without a valid Digital Bank Guarantee or online payment will be rejected. Additionally, it is ensured that the issuing bank transmits the Bank Guarantee through SWIFT MT760 or 1 Link payment to the designated advising bank with the correct Tender Reference Number and PSID. Items being procured are not specifically listed in this corrigendum notice. For full details of the original tender items, bidders should refer to the previously published tender documents. This corrigendum applies to the tender published in the Express (Gujranwala) newspaper and uploaded on the PPRA website for LG&CD Department, Civil Division Gujrat. Bidders are advised to carefully follow the updated bid security submission instructions to avoid disqualification. Timely submission of the digital bank guarantee and correct payment referencing is critical. The tender closing date remains as originally published. Interested contractors should ensure compliance with these updated terms and prepare their technical and financial bids accordingly. A practical tip for bidders is to coordinate early with their bank to arrange the Digital Bank Guarantee issuance and SWIFT transmission to avoid last-minute delays that could jeopardize bid acceptance.