Regulations for Bid Bond, Guarantee Bond and Other Guarantees Article 3

An entity conducting procurement shall, except where the deposit of bid bond or guarantee bond may be waived, provide in the tender documentation the types, amount, and ways of deposit, refund and termination of bid bond, guarantee bond, and other guarantees to be deposited by a supplier.Where foreign suppliers are permitted to participate in procurement and that a foreign currency in its equivalent value may be used for bid bond or guarantee bond, an entity shall prescribe in the tender documentation the types and ways of deposit with respect to such foreign currency.The equivalent foreign currency referred to in the preceding paragraph shall, unless otherwise provided in the tender documentation, be calculated at the closing spot buying rate of the foreign exchange transaction at the Bank of Taiwan on the business day before the date of deposit.