product term
BID BONDS/TENDER SECURITY
Bid bond or Tender security is required in the bidding process which is presented to guarantee the procuring entity that if the bidder is awarded the bid, he will take up the contract as per the terms of the bid.
At DTB, we are continuously innovating to increase the chances for you to win that bid- introducing TenderFLEX.
TenderFLEX - Digital Bid Bonds:
Get your online bid bond securely and conveniently using our TenderFLEX digital platform.
- Benefits:
- Generate digital bid bonds up to Ksh 5,000,000 without providing any security/ collateral.
- The bid bond can be generated at anytime and anywhere at your convenience to beat the last-minute rush to fulfil tender requirements.
- Our digital bid bonds are temper proof with a feature for verification by the employer.
- Our pricing is pocket friendly.
- Requirements:
- To be a DTB Customer
- Fill in the DTB TenderFLEX Onboarding Application Form and drop it at any of our branches countrywide. (once set-up is done, log in credentials will be shared)
- Pricing:
- Unsecured bid bonds up to Ksh 5 million – 0.5% per quarter with a minimum of Ksh 3,500 per quarter.
application form
