Organizing and conducting a tender is usually a time-consuming and costly activity for the tenderer. To this end, we guarantee the tenderer, i.e. the contracting authority, compensation if a bidder changes its offer or cancels the offer or refuses, after the acceptance of the offer, to conclude the contract and / or provide the required additional guarantees.
The amount of the tender guarantee is fixed in the conditions of tender and bidding. Generally, we issue tender guarantees with a duration of up to 90 days from the time the bids are submitted.