Section 40(2) in Rajasthan Public Procurement Rules, 2012
(2)In case of open competitive bidding, two-stage bidding, rate contract, electronic reverse auction, bid security would be 2% (in case of SSIs of Rajasthan it will be 0.5% of the quantity offered for supply and in case of sick industries, other than SSIs, whose cases are pending with BIFR it will be 1% of the value of bid) of the estimated value of subject matter of procurement put to bid. Every bidder, if not exempted, participating in the bid process shall be required to furnish the bid security a specified in the notice inviting bids (NIB).
