
Bid/ Tender Bonds
This is a guarantee issued as part of a supply bidding process by the contractor
to the project owner. It is a guarantee that the winning bidder will undertake the
contract under the terms at which they bid.
Security:
None for amounts below Ksh.10 Million.Cash or conventional tangible asset.
Charges:
1% per quarter subject to Kes 5,000.00 per quarter.
Requirements:
- A copy of the Tender document page showing the description of the tender.
- A copy of the Tender documents’ page showing Procurement Entity Address.
- A copy of the Tender document page showing the validity date.
- A copy of the Tender document showing the format.