Author — Azat Masaurov.
Security is money or a bank guarantee with which a supplier confirms that it will not
withdraw its bid or will perform the contract. The amount depends on the procurement method.
Public procurement
| Method | Bid | Contract |
|---|
| Open tender, auction | 1 % | 3 % |
| Request for quotations | 3 % | 5 % |
- Bid security is calculated from the procurement amount, performance security — from the contract price.
- In a request for quotations of up to 100 MCI (432 500 ₸ with MCI = 4 325 ₸) no performance
security is required.
- If the price is a dumping price, the amount by which it is below the allowed level is added to the performance
security — see the dumping guide.
- Security is provided as a cash deposit or a bank guarantee; what a specific procurement accepts is stated in its
documentation.
Sources: Law of the Republic of Kazakhstan "On Public Procurement" No. 106-VIII of 01.07.2024 (Art. 10)
and the Public Procurement Rules (Order of the Ministry of Finance No. 687 of 09.10.2024, para. 104).
Samruk-Kazyna
- Tender bid security — 1 % of the procurement amount excluding VAT.
- Performance security — usually 2 % if the contract requires it; provided within 20 working days.
- The Fund's procurement procedure changes often and the customer sets the exact amounts — check the tender
documentation.
Calculate security