A tender bond or bid guarantes for Africa is a construction bond that protects the owner or developer in a construction bidding process and is commitment made by the issuing bank that the bidder provides to the project owner to ensure that if the contractor fails to honor the terms of the bid, the bond beneficiary will be compensated
a Bid Bond used within a bidding process for projects and contracts in Africa and requested by the beneficiary as commitment that the contract will be taken up if it is awarded. In case that the contract is not taken up, then there will be a claim for the value of the bond.
Bid bonds, also known as tender bonds, are always required for projects in Africa. They are usually on-demand bonds submitted with a tender to secure the tender's commitment to commence the contract in favour of an African beneficiary..
TRADEFINANCE.AFRICA COUNTRIES OF EXPERTISE
LC FEE AND CHARGE UCP 600 TEXT LC DISCOUNT BACK TO BACK LC STANBY LETTER OF CREDIT DOCUMENTARY COLLECTION BILL DISCOUNTING PROMISSORY NOTE DISCOUNTING BID BOND PERFORMANCE BOND ADVANCE PAYMENT BOND MAINTENANCE BOND ALGERIA ANGOLA BENIN BOTSWANA BURKINA FASO BURUNDI CABO VERDE CAMEROON CENTRAL AFRICAN REPUBLIC CHAD COMOROS DRC CONGO REPUBLIC OF THE CONGO IVORY COAST DJIBOUTI EGYPT EQUATORIAL GUINEA ERITREA SWAZILAND ESWATINI ETHIOPA GABON GAMBIA GHANA GUINEA BISSAU KENYA LESOTHO LIBERIA LIBYA MADAGASCAR MALAWI MALI MAURITANIA MAURITIUS MOROCCO MOZAMBIQUE NAMIBIA NIGER RWANDA SAO-TOME AND PRINCIPE SENEGAL SEYCHELLES SIERRA-LEONE SOMALIA SOUTH-AFRICA SOUTH-SUDAN TANZANIA TOGO TUNISIA UGANDA ZAMBIA ZIMBABWE GUINEA CONAKRY SUDAN NIGERIA BLOCKCHAIN TRADE FINANCE