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The total project price is more than 200 million points, and the bid bond is subject to 5 million. Is it reasonable?
& lt Article 37 of the Measures for Tendering and Bidding of Construction Projects stipulates: "A tenderer may require a bidder to submit a bid bond in the tender documents. Besides cash, the bid bond can be a bank guarantee, a confirmed check, a bank draft or a cash check issued by a bank. The bid bond generally does not exceed 2% of the total bid price, but the maximum is not more than 800,000 yuan. The validity period of the bid bond shall exceed the validity period of the bid for thirty days. The bidder shall submit the bid bond to the tenderer with the bid documents in the manner and amount required by the tender documents. "
Therefore, the bid bond shall not exceed 800,000 yuan.
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