Tender guarantee covers the following risks:
waiver participant to perform its obligations under the supply and delivery of services;
Review proposals, participating in the tender;
refusal to the party for whom the guarantee was issued, the signing of the contract if it wins the tender.
Thus, the tender guarantee is for two main purposes: first, to ensure fulfillment of obligations to the winner of the conditions that were announced during the competition, and secondly, deny the possibility of participating companies are too small to cause doubts about the organizer.
For a tender guarantee lenders may require collateral. For the customer is established line of credit. As a rule, you must provide not only proof of the financial condition of the enterprise party, but also the rules of the tender.
Banking Commission for issuing a tender guarantee of 1%, depending on the period for which it is issued.
Most often, tender guarantee is required when a company participates in the tender for the supply of something or the provision of services to public bodies.
taken from http://www.banki.ru
