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Bid Bond Facility

Bid bonds are financial commitments made for bidding for a project(s), and are usually issued by the bank on behalf of a customer to aid in bidding for contracts. This product is ideal for customers and businesses who engage in contract and or supply jobs, and often particiapte in competitive bidding processes

Bid Bond Facility

Bid bonds are financial commitments made for bidding for a project(s), and are usually issued by the bank on behalf of a customer to aid in bidding for contracts. This product is ideal for customers and businesses who engage in contract and or supply jobs, and often particiapte in competitive bidding processes

Who is this for:

  • Construction companies
  • General Contractors
  • Ancillary suppliers and distributors

Features:

  • The beneficiary will be refunded or compensated by the bank to the extent of its undertaking on the presentation of pre-determined documents.