Regulations for Bid Bond, Guarantee Bond and Other Guarantees Article 9

The amount of bid bond, which may be either a fixed sum or a fixed proportion of the tender price, shall be determined by the entity in the tender documentation.The fixed sum referred to in the preceding paragraph shall not, in principle, exceed 5% of the budget amount or the estimated total procurement value; the fixed proportion shall not, in principle, exceed 5% of the tender price. In any event, the amount of bid bond shall not exceed 50 million New Taiwan Dollars.For procurement in which the award of contract is based on unit price, the bid bond shall be a fixed sum.