THE PROPOSED EXPANSION OF TENDER DEPOSIT REQUIREMENTS FOR GOVERNMENT WORKS PROCUREMENT

 

The above matter refers.

 

The Government intends to implement a Tender Deposit requirement for all Government works procurement valued at RM10 million and above under the purview of the Public Works Department (JKR) Malaysia.

 

The Government remains open to determining the amount of the Tender Deposit to be imposed. For existing Facilities Management and Maintenance projects, the following flat-rate amounts shall apply as follows:

 

Estimation of Tender Amount (RM)	Bon Rate/ Tender Deposit (RM)
Exceeding RM 10 million to RM 20 million	RM 100,000
Exceeding RM 20 million to RM 50 million	RM 200,000
Exceeding RM 50 million to RM 100 million	RM 300,000
Exceeding RM 100 million to RM 200 million	RM 400,000
Exceeding RM 200 million	RM 500,000

 

Following the news, the Government has prepared a survey for Grade G7 Contractors on their readiness and views on the “Proposed Expansion of the Tender Deposit Requirement for Government Works Procurement.” For Grade G7 contractors kindly complete the survey below:

 

Survey Feedback Link: https://forms.gle/kiAeiQ5iJFtCG9tT9

 

Download Circular click here

Download Lampiran click here