BID SECURITY

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.

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

Improve your cash flow, as funds can be utilized for other purposes. It also opens opportunities to multiple tenders.

DOCUMENTS REQUIRED

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

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

  • Bid Document (Bid Details)

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