Generally, all bids for local tenders shall be in Ringgit Malaysia (RM). Bids for international tender shall be in RM, or in the currency of the country where the finished products or services are imported from, or in any other currency deemed appropriate by TNB. Tenderers shall state clearly in their tender submission the currencies for their bids.
Tender Security are required for all International Tender and shall be submitted in Ringgit Malaysia (RM) and in the form of a Cashier’s Order, a Bank Draft or a Bank Guarantee issued by a locally domiciled bank including the off shore bank (Labuan) in Malaysia.
A tender/quotation shall be rejected at the tender opening stage when:
Tenderers who withdraw within the tender validity period after the tenders have been opened may be subjected to penalties as specified in the tender documents such as blacklisted from participating in TNB’s future procurement exercises for a period of six (6) months to two (2) years.
Clarification shall be confined only to the technical proposal submitted in the tender bid. Depending on the tender requirements, tenderers may submit a new financial proposal which should only contain the revision(s) based on the requirements in respect to the clarification of the technical proposal. No technical and financial negotiations are allowed during clarification.
The successful tenderer shall be officially notified of the award through a duly executed Letter of Acceptance, Purchase Order (PO) or a contract, clearly defining the scope, terms and conditions.
Performance Security shall be in the form of a Cashier’s Order, Bank Draft or Bank Guarantee issued by a locally domiciled bank including the off shore bank (Labuan) in Malaysia.
The value of the Performance Security shall be a follows:
Works
Supply of Materials or Services