Tender Opportunities for Supply and Work Contracts
No. Should they decide to submit an offer, short listed candidates are obligated to submit attached tender guarantee .Tender guarantee serves as a warranty that the tenderer will sign the contract in case the company is awarded.
All guarantees (tender guarantee, performance guarantee or pre-financing guarantee) are drafted by standard form which constitutes a part of the Tender Dossier. The guarantees are issued by financial institutions (banks or insurance companies).