Tender guarantee: Difference between revisions
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imported>Doug Williamson (Create page. Source: Bid bond page.) |
imported>Doug Williamson (Add link.) |
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* [[Guarantee]] | * [[Guarantee]] | ||
* [[Performance bond]] | * [[Performance bond]] | ||
* [[Performance guarantee]] | |||
* [[Retention bond]] | * [[Retention bond]] | ||
* [[Surety bond]] | * [[Surety bond]] | ||
Latest revision as of 19:29, 4 March 2023
Trade finance.
A trade finance guarantee issued as part of a contract tendering (bidding) process.
The tender guarantee is issued by a bank or insurance company to the potential customer, to protect the customer against a contractor's failure to sign a contract in accordance with the terms of the tender.
Also known as a bid bond.
