BID BOND

BID BOND

These are guarantees issued by the Surety (GLICO General) in favour of the Bidder (Contractor) assuring the Client (i.e. any person, Corporate or Unincorporated Entity desiring to award a target project by duly awarded; and that if the bidder happens to be the winner, he would proceed to obtain a Performance Security for the contract.  […]

These are guarantees issued by the Surety (GLICO General) in favour of the Bidder (Contractor) assuring the Client (i.e. any person, Corporate or Unincorporated Entity desiring to award a target project by duly awarded; and that if the bidder happens to be the winner, he would proceed to obtain a Performance Security for the contract.  The surety pays a certain sum of money – i.e. the bond sum which is always stated in the Bond, if the Bidder withdraws from the tender before the contract is awarded

Also Read

Office

GLICO General Company Limited
GLICO House
# 47 Kwame Nkrumah Avenue, Accra

©2022 GLICO General

crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram