Bid bonds in Kenya
Are you a supplier tendering for a job which requires a Bid Bond from a reputable financial institution which requires tender security? Talk to us for cash free bid bonds issued within an hour by a reputable commercial bank.
Bid Bonds are sought by many organizations to provide financial undertaking if, for any reason, a successful tenderer fails to proceed with an awarded contract.
Most bidders are required to prepare a bid bond which is usually a percentage of the bid price during the tendering process. A bid bond could run into a significant huge amount which could end up tying down considerable percentage of the limited working capital for the business.
In view of the above, Mwananchi Credit Ltd has partnered with reputable financial institutions which issue cash free bid bonds to suppliers on its behalf, at competitive commission rates.