Bid Bonds are guarantees securing the Principal's liabilities to the Beneficiary under the tender documentation (with the view of participation in a tender for procurement and supply of goods or services)
|Guarantee type||1. Revolving limit |
2. Non-revolving limit
3. Independent Bank guarantee, unlimited
|Maximum guarantee term||according to the validity periods of the bid/ tender/ auction documentation|
|Collateral security||non-collateral/ the Principal's bank account turnovers are to be verified|
|Guarantee issue fee||0%|
|Guarantee use fee||from 1% of the guarantee amount, minimum 10 000 tenge|
|Advantages||• Minimum package of documents;|
• No collateral;
• Minimum fees;
• The guarantee is issued within one day;
• The guarantees, including electronic ones, may be received from any subsidiary of the Bank.
Approved by Minutes # 16-20 of the meeting of the First Heartland Jýsan Bank JSC Management Board dated 06.02.2020.