Introduction

Bid Security (BS) is a surety bond which is a promise by a guarantor to pay the principal party up to the bond amount if the contractor fails to meet their obligations in fulfilling the terms of a contract.

Coverage

Ensures that the bidder does not default in accepting the bid award.

DocumentsRequired

• Company/SP Profile & Portfolio (including MOA & AOA & Registration)

• Audited financials past 2 year / past 6 months bank statement (Depending on bond value)