Bid Bonds
Get the best guarantee terms on bid bonds in Kenya with Jijenge Credit Ltd. Our assurance levels are highly trusted and recommended to provide total security in contractor/supplier agreements.
The function of our bid bond is to provide a guarantee to project owners that the bidders of their tender awards will complete the work if selected. The existence of the bid bond will give you assurance that the bidder has the financial means to accept the job for the price quoted in the bid.
Our bid bond features include the following
- Unsecured up to Kshs 3 million.
- Can be issued within one hour after receipt of a complete application.
- Can be used at any of our Jijenge Credit Ltd branches countrywide.
- Affordable and competitive rates are levied.
To apply for this loan, the following details and documents are required.
- Applicants name.
- Beneficiaries name.
- Amount Required.
- Duration of the bid bond.
- Purpose of the bid bond.
- Copy of the tender document page showing the above details (if available).
- Tender/ Bid bond format.