@mozenrat, @ kenyancontractor, bid bonds are used to bond the applicant to adhere to agreements in open tenders where anyone can apply. These work when its an open tender whereby applicants could be jokers,e.t.c. In a selective tendering process, the applicants who are jokers have already been weeded out through registration with BORAQS and AAK.
Therefore, there is no need to bond them to adhere.
I assume this is AAKs reasoning to this. Maybe AAK can clarify on this further.
As Iron Sharpens Iron, So one Man Sharpens Another.