Bid security should not exceed to _____?

بولی کی حفاظت _____ سے زیادہ نہیں ہونی چاہئے؟

5% of bid price

3% of bid price

4% of bid price

None of these

Bid security is a guarantee that the bidder will fulfill contract obligations if awarded.

It should not exceed 5% of the bid price, as per standard procurement regulations.