Bid security deposit

4 key benefits

Using BANK OF AFRICA's bid security deposit means optimising your participation in public tenders by giving you an additional chance. Moreover with the Bid security deposit, you are exempt from depositing funds, which helps to relieve the burden on your cash flow.

Easier participation in calls for tenders, particularly at international level
The way to ensure the settlement of involved partners
A guarantee against risks, including the withdrawal of bidders
A quick and efficient system to implement.

Stay informed.

The Bid security deposit is intended for companies bidding for public tenders that wish to guarantee the seriousness of their application. This solution is also suitable for companies that want to ensure the reliability of suppliers, in case of an international calls for tenders.

This bank guarantee is generally required by the Administrations in the context of submission to public tenders. It can represent an additional advantage in any bid for tenders.

The validity of the bank guarantee is due on the day of market allocation at bid opening.

The amount of the guarantee is usually around 3% of the amount tendered for the contract.