How many ways can the bid bond be refunded?

1) Normal refund: For engineering construction projects, within five working days after the tenderer signs the contract with the winning bidder, the bid deposit shall be refunded to the winning bidder and the unsuccessful bidder at one time. For the international bidding project of mechanical and electrical products, the bidding and procurement unit shall return the bid deposit of the unsuccessful bidder within 5 working days after the notice of winning the bid is issued, and the bid bond of the winning bidder shall be refunded within 5 working days after the signing of the procurement contract.

If the bidding and procurement unit returns the bid bond within the time limit, in addition to the principal of the bid bond, it shall also pay the capital occupation fee according to the interest rate of the commercial bank after the loan interest rate rises by 20% in the same period. 2) the bid bond is not refundable engineering construction project, after the notice of winning the bid is issued, the winning bidder abandons the winning project, does not sign a contract with the tenderer without a legitimate reason, when signing the contract to the tenderer to put forward additional conditions or change the substantive content of the contract, or refuses to submit the required performance bond, the tenderer may cancel the bid qualification, and confiscate its bid bond; If the loss to the tenderer exceeds the amount of the bid deposit, the winning bidder shall compensate for the excess; If the bid deposit is not submitted, it shall be liable for the losses of the tenderer. **：

1. What are the provisions for the return of bid deposits?

1. The provisions for the return of the bid deposit are: Mengmu.

1) the tenderer shall, within five working days from the date of issuance of the notice of winning the bid, return the bid bond to the bidder who is not listed as the winning candidate, and the bid bond of the winning candidate shall be returned within five working days from the date of signing the contract between the tenderer and the winning bidder;

2) If the bid bond is submitted in cash, the bid bond must be returned to the bidder's account.

2. Legal basis: Article 26 of the Regulations for the Implementation of the Tendering and Bidding Law of the People's Republic of China.

If the tenderer requires the bidder to submit a bid bond in the bidding documents, the bid bond shall not exceed 2% of the estimated price of the bidding project. The validity period of the bid bond shall be consistent with the validity period of the bid. For domestic bidders of projects that must be tendered in accordance with the law, the bid deposit submitted in the form of cash or cheque shall be transferred from its basic account.

If the tender is known, the grinder shall not misappropriate the bid deposit.

2. The bidding deposit is not refunded.

Any of the following slag hoppers will be forfeited when any situation occurs:

1. The bidder withdraws its bid within the validity period of the bid specified in the format of the bid letter;

2. The winning bidder fails to do so within the specified time limit

1) Conclude a contract in accordance with the regulations, or accept the correction of errors in accordance with the regulations;

2) Submit a performance bond in accordance with the regulations.

Bidders shall submit a bid bond of the prescribed amount as part of their tender.

In accordance with the provisions of Article 37 of the Administrative Measures for the Bidding and Bidding of Procurement of Goods and Services, "the bidding and procurement unit shall return the bid deposit of the unsuccessful bidder within 5 working days after the issuance of the notice of winning the bid, and return the bid deposit of the winning bidder within 5 working days after the signing of the procurement contract. ”

Article 56 of the Detailed Rules for the Implementation of the Administration of Bidding and Bidding for Communication Projects stipulates that the tenderer may require the bidder to pay a bid deposit, and the amount shall generally not exceed one percent of the estimated price of the contract. For the bid deposit paid by the unsuccessful bidder, the tenderer shall return it within 5 days after signing the contract with the winning bidder.

Article 31 of the Regulations for the Implementation of the Tendering and Bidding Law of the People's Republic of China, if the tenderer terminates the bidding, it shall issue an announcement in a timely manner, or notify the potential bidders who have been invited or have obtained prequalification documents and bidding documents in writing. If the prequalification documents and bidding documents have been sold or the bid bond has been collected, the tenderer shall promptly return the fees collected for the prequalification documents and bidding documents, as well as the bid bond and bank deposit interest for the same period.

1. What are the circumstances under which the bid deposit will not be refunded?

The bid bond will be forfeited in the event of any of the following:

1. The bidder withdraws its bid within the validity period of the bid specified in the format of the bid letter;

2. The winning bidder fails to do so within the specified time limit

1) Sign a contract in accordance with the regulations; or accept the correction of errors in accordance with the regulations;

2) Submit a performance bond in accordance with the regulations.

According to the regulations, bidders shall submit a bid bond of the prescribed amount as part of their tender.

If the bid bond of the unsuccessful bidder is not successful, the tenderer shall return the bid bond to other bidders other than the winning candidate within 5 days after the notice of winning the bid is issued, and return the deposit to the winning bidder and other winning candidates within 5 days after signing a written contract with the winning bidder. For the bid bond submitted in the form of cash or check, the tenderer shall refund the interest on the bank current deposit of the bid bond for the same period and shall be returned to the basic account of the bidder. However, the bid bond will be forfeited in the event of any of the following:

1. The bidder withdraws its bid within the validity period of the bid specified in the bidding documents;

2. The winning bidder fails to do so within the specified time limit

1) according to the bidder in accordance with the provisions of the contract or according to the provisions of the acceptance of the correction of errors;

2) Failure to submit a performance bond in accordance with the provisions of the bidding documents.

3) The bidder uses improper means to defraud the winning bid.

Bid bond refund process: within five working days after the tenderer signs the contract with the winning bidder, the bid bond shall be refunded to the winning bidder and the unsuccessful bidder at one time. If the bidding documents stipulate that the economic compensation to the unsuccessful bidder shall also be paid within this time limit.

[Legal basis].

Article 37 of the Measures for Bidding and Bidding for the Construction of Engineering Construction Projects.

The tenderer may require the bidder to submit a bid bond in the bidding documents. In addition to cash, the bid bond can be a bank guarantee, a certified cheque, a bank draft or a cash cheque issued by Jinghui Bank.

The bid deposit shall not exceed 2% of the estimated price of the project, but the maximum shall not exceed 800,000 yuan. The validity period of the bid bond shall be consistent with the validity period of the bid.

The bidder shall, in accordance with the manner and amount required by the bidding documents, submit the bid bond with the bidding documents to the tenderer or its entrusted bidding agency.

For domestic bidders of projects that must be tendered for construction in accordance with the law, the bid bond submitted in the form of cash or cheque shall be transferred from its basic account.