ARCHIVED Security Deposit

Attention! We’ve Moved! The Supply Manual has moved to the CanadaBuys website. Check out the new landing page for the Supply Manual.

Attention! As part of the Acquisitions Program’s transformation agenda, PSPC is planning to archive and migrate the SACC manual to the CanadaBuys website. The SACC manual will continue to be available on the BuyandSell website to ensure continuity of service during this transition period. At this time, an initial version of the archived version of the SACC has been posted on CanadaBuys. We encourage you to go visit the site and get comfortable with the new format of the SACC at the following:

Archived - Standard Acquisition Clauses and Conditions Manual | CanadaBuys

We appreciate your continued feedback and cooperation during this transition.

Attention! More information for suppliers. Read the news item with updates on the SACC and Contract Modernization Initiative.

This information has been archived and replaced by Security Deposit - Bid Financial Security (2015-07-03) E0009T

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Legal text for SACC item

1.     Canada will hold the security deposit as security to enter into 
       contract.  If a successful bidder refuses to enter into contract, 
       the amount of the security deposit will be forfeited to Canada or a 
       demand for payment will be made against the letter of credit by 
       Canada.  The amount forfeited or payment demand will not exceed the 
       difference between the bid price and the amount of the Contract 
       awarded by Canada for the requirement.

2.     Canada will return all non-forfeited security deposits to bidders 
       after contract award or, if no contract is awarded, at the 
       expiration of the bid validity period, including any extension.