Tender Flex
Meet tender security requirements with digital bid bonds from DTB TenderFLEX. Eligible DTB customers can generate online bid bonds of up to KES 5 million without providing collateral, helping you submit tenders conveniently and avoid the last-minute branch rush.
Overview
A bid bond, also known as tender security or a tender bond, is a guarantee submitted during the bidding process to assure the procuring entity that the bidder will honour the tender requirements if awarded the contract. The exact bond amount, wording and validity period are set by the tender document.
DTB TenderFLEX gives eligible DTB customers a digital way to generate bid bonds of up to KES 5 million without providing security or collateral. Once your TenderFLEX onboarding is complete and login credentials have been issued, you can access the platform online to generate secure, verifiable bid bonds when you need them.
Whether you are bidding for construction works, supply contracts, ICT services, professional services or other procurement opportunities, TenderFLEX helps you meet eligible tender-security requirements while keeping your cash and business assets available for operations.
What You Need to Open an Account
To get started with DTB TenderFLEX:
You must be a DTB customer.
Complete the DTB TenderFLEX Onboarding Application Form and submit it at any DTB branch countrywide.
Once the setup is completed, your TenderFLEX login credentials will be shared with you.
Benefits:
Why use DTB TenderFLEX for your bid bond and tender security needs?
Unsecured digital bid bonds - generate eligible bid bonds of up to KES 5,000,000 without providing security or collateral.
Online convenience - access TenderFLEX digitally once onboarded, helping you manage tender-security requirements from wherever you are.
Support for tender deadlines - generate bid bonds without the last-minute branch rush, subject to your onboarding and tender requirements.
Secure and verifiable - TenderFLEX digital bid bonds include a verification feature for the procuring entity.
Keep business resources available - an unsecured bid bond can help you meet an eligible tender requirement without tying up property or other collateral for bonds within the published limit.
Clear published pricing - know the DTB TenderFLEX pricing structure before generating your bond.
Pricing
Unsecured bid bonds up to KES 5 million are priced at 0.5% per quarter, with a minimum charge of KES 3,500 per quarter. Get your online bid bond securely and conveniently through the DTB TenderFLEX digital platform.
Always confirm the current charges and ensure the bond amount and validity period match the requirements in your tender document before issuance.
FAQs
A bid bond is a guarantee submitted with a tender to give the procuring entity assurance that the bidder will honour the bidding commitments and, if awarded the contract, proceed in line with the tender terms. Tender documents may call it a bid bond, tender security, tender bond or bid security. Always use the amount, format, beneficiary details and validity period specified in the tender document.
The terms bid bond, tender bond and tender security are often used to describe the security required at the bidding stage. However, procurement documents can use specific wording or forms, so do not rely on the name alone. Check the tender document carefully and make sure the bond issued matches the procuring entity’s exact requirements.
DTB TenderFLEX provides a digital route for eligible DTB customers to generate bid bonds online. To get started, you must be a DTB customer and complete the TenderFLEX Onboarding Application Form at a DTB branch. Once your setup is complete and login credentials are issued, you can access the platform to generate eligible digital bid bonds.
Yes. DTB TenderFLEX allows eligible customers to generate unsecured digital bid bonds of up to KES 5 million without providing security or collateral. This can be useful for businesses that need to meet tender requirements while keeping property, cash and other business assets available for operations.
DTB publishes unsecured digital bid bonds of up to KES 5,000,000 through TenderFLEX. The bond you request should match the tender-security amount stated in the tender document. If your tender requires an amount above the published TenderFLEX limit, contact DTB to discuss the appropriate bank-guarantee or trade-finance solution.
DTB publishes pricing of 0.5% per quarter for unsecured bid bonds of up to KES 5 million, with a minimum charge of KES 3,500 per quarter. Because the required amount and validity period vary by tender, confirm the current charge and any applicable taxes or fees with DTB before the bond is issued.
There is no single validity period for every tender. The required validity is stated in the tender document and may extend beyond the tender closing or bid-validity date. Before generating a bond, check the exact validity period requested by the procuring entity and make sure your TenderFLEX request matches it.
TenderFLEX is designed to reduce the need for a last-minute branch visit because onboarded customers can access the digital platform to generate eligible bid bonds online. However, first-time users must complete the TenderFLEX onboarding process before receiving login credentials. Start the process early and allow enough time to check the tender wording, amount and validity requirements before the submission deadline.
You need to be a DTB customer and complete the DTB TenderFLEX Onboarding Application Form, which is submitted at a DTB branch. Once the setup has been completed, DTB shares the login credentials needed to access the TenderFLEX platform. The Bank may request any additional information required for onboarding or issuance.
TenderFLEX can be relevant to DTB customers bidding for opportunities where the tender document requires an eligible bid bond or tender security. This may include contractors, goods suppliers, distributors, ICT firms, service providers and other SMEs competing for public or private procurement opportunities. Always confirm that the issuing bank, bond format, amount and validity meet the specific tender requirements.
No. A bid bond is a guarantee used to support a tender submission; it is not a cash loan paid into your account. With TenderFLEX, DTB issues the eligible digital bid bond for the tender requirement. This allows the guarantee to support your bid without treating the bond amount as cash for business spending.
Yes. DTB states that TenderFLEX digital bid bonds include a verification feature for the procuring entity. This helps the recipient validate the digital bond. When submitting your tender, follow the procuring entity’s instructions for attaching, uploading or presenting the bid bond.
If you do not win, the bond is normally dealt with according to the tender conditions and its stated validity. Withdrawing a bid, refusing to enter into a contract after award or failing to meet other specified tender obligations may have consequences under the bond and tender terms. Read the tender document carefully before bidding and ask DTB if you need clarification on the bond wording.
A bid bond supports the bidding stage and is submitted before a contract is awarded. A performance bond is generally required after award to help guarantee the successful bidder’s performance of the contract. If you win a tender and the procuring entity then asks for performance security, speak to DTB about the appropriate bank-guarantee solution rather than assuming the bid bond covers the post-award requirement.
Compare whether the provider is acceptable under your tender, the maximum bond amount, collateral requirements, pricing, onboarding process, online availability, bond verification, turnaround considerations and support for the required validity period. Also check that the provider can issue the exact wording and beneficiary details required. DTB TenderFLEX offers eligible DTB customers digital unsecured bid bonds of up to KES 5 million with published pricing of 0.5% per quarter, subject to the product terms and the tender requirements.
