Product Description

A written document issued by Bank of China at the request of the tenderee for bids of construction and procurement, committing that the tenderer will not withdraw or amend its bid during the validity period of the bid, and will sign the contract or submit performance guarantee within the preset time once winning the bid.

Product Features

Solve the problem of mutual mistrust between the tenderee and tenderer with bank credit to realize smooth tender offer; replace cash margin by the tender guarantee/bid bond to reduce the financial pressure of the bidders.