Show you are a serious bidder, without tying up cash for every tender.
A bid bond tells the project owner that you will honour your bid if you win. e-SureX lets you apply online, compare surety providers and receive the bond digitally in time for your submission.
Premiums and terms are set by surety providers after underwriting.
A bid bond is a type of surety bond that gives a project owner assurance that a bidder will stand by its bid. If the bidder wins and then withdraws, or fails to sign the contract or furnish the required security, the owner can claim under the bond, up to the amount and on the terms the bond sets out.
In many tenders this requirement appears as bid security or an earnest money deposit (EMD). Where the tender allows a surety bond as a form of bid security, a bid bond can be one way to meet it. Always check the tender document to confirm what is accepted.
Public and private tenders often ask for bid security to be submitted along with the bid.
Providing bid security for many tenders at once can stretch your working capital. A bond can offer an alternative where it is accepted.
Applying online and tracking the status helps you plan around the submission date.
Tender reference, bid security amount, validity period and the name of the organisation inviting bids.
The tender notice, your company and financial documents, and KYC details.
Review premiums, tenure and conditions from multiple surety providers side by side.
After verification, the bond is issued digitally so you can attach it to your bid.
Share the tender requirement once instead of repeating it with each provider.
See where your request stands at each stage so you can plan around the deadline.
Receive and store the bond digitally, with your documents kept in one place.
Requirements can vary by provider and by bond.
Start your surety journey with e-SureX.