Guarantees

1. Bid Bond is intended to guarantee bids in public procurement, ensuring that the bid will not be withdrawn and a contract will be concluded.

2.Advance Payment Bond is intended to guarantee the receipt of funds in advance when a company entering into a contract with a client requires an advance payment.

3.Performance Bond is intended for construction/manufacturing/service contracts to ensure their fulfillment.

4. The maintenance period bond guarantee is provided when the building is constructed or the equipment is manufactured, ensuring maintenance for a specified period.

Documents submitted for the initial assessment of the application:

  • Questionnaire;

  • Contract being guaranteed;

  • Financial statements for the last years (balance sheet and profit (loss) statement);

  • Preferred form of the beneficiary.