Requesting Entity: Commission on Audit-Department of Public Works and Highways
Issues Concern: Acceptable Surety Bond Forms
The sample forms prescribed by the GPPB merely serve as guides. Eligible bidders need not copy verbatim the language used in the sample forms. They may change its wordings as long as the language employed is consistent with the purpose and intent of R.A. 9184 and its IRR-A.
The procuring entity must determine if the contents of the surety bonds comply with the following elements such as but not limited to:
If the procuring entity determines that the language of the surety bond meets the requirements under R.A. 9184, then the bond submitted is presumed to have complied with R.A. 9184.