SURETIES & GUARANTEES
Bid/Tender
Integral to the supply bidding process, is provided by the contractor to the project owner as a guarantee. It assures that the successful bidder will execute the contract in accordance with the terms presented in their bid, instilling confidence in the project's seamless progression.
APPLICATION
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Additional Information
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Enhanced Coverage
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Documents Required
Letter of Award / Project Contract / Agreement / Purchase Order
Latest ACRA Bizfile (within 3 months)
Latest Audited Financials
Bond Format (if any)
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Applicable To
Contractors
Suppliers
Manufacturers
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Case Study
ABC Supplier decided to tender for a government contract for supply of goods. ABC Supplier will then be required to place a Bid/Tender Bond to place a tender so as to honour the bid they had submitted.
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