Bid Bond
Bid Bond / Tender Guarantee
Assures bid commitment
Guarantee performance. Preserve working capital.
Insurance-backed guarantees that can substitute bank guarantees to support your project obligations, improving liquidity and freeing banking limits.
Surety Bonds provide an insurance-backed guarantee that supports contractual obligations without relying entirely on traditional bank guarantee limits.
Different bond structures can support bidding, contract performance, advance payments and retention requirements, helping businesses preserve liquidity across the project lifecycle.
Bid Bond
Assures bid commitment
Performance
Assures contract performance
Advance
Secures advances given to contractor
Retention
Replaces cash retention
Bonds free up bank working capital lines and may be comparatively cost-efficient versus bank guarantees, improving liquidity and bidding capacity.
Underwriters typically review financials, project details, experience, order book, contract terms and, where required, the proposed security or collateral.