Summary

BNCTL provide Bank Guarantee to facilitate company to participate in tender or bidding process, performance security for project implementation, advanced payment and retention guarantee for any project.

Bid Security or Bid Bond

The bank guarantee is required by project owner and issued to the company that will participate in the bidding process.

Performance Bond

The bank guarantee is required by project owner and issued to the company to implement the project awarded during the period of project implementation.

Advance Payment Bond

The bank guarantee is required by project owner and issued to the company that request the advance payment of the contract.

Retention Bond

The bank guarantee is required by project owner and issued to the company to guarantee the company carry out the work of the project during the maintenance period of the contract.

Benefit

Quick and within 24 hours (urgent) and lowest administrative fee.

Documents Requirement

  • Bank guarantee Request from the enterprise address to BNCTL Council of Administration
  • Request letter to establish bank guarantee from project owner.
  • Copy of Bid/Tender announcement (apply to Bid Security).
  • Copy of electoral ID or passport for foreigner.
  • Copy of company profile and valide business license.

Price List

Bid Security

Fee for urgent matters within 24 hours will be charged US$100.00 

15% for cash collateral

Amount Previous Price List 2015 Amendment 1 Amendment 2 Additional Conditions
Up to US$4,999.00 US$20.00 per month $20.00 per month    
US$5,000.00 – US$49,999.00  0.40%/Month (Min. US$20.00 0.40%/Month (Min. US$20.00    
US$50,000.00 – US$99,999.00  0.45%/Month  0.45%/Month     
US$100,000.00 – US$499,999.00  0.60%/Month  0.60%/Month     
US$500,000.00 – US$999,999.00  0.95%/Month  0.95%/Month     
≥US$1,000,000.00  1.75%/Month  1.75%/Month     

Other Bank Guarantee (Performance, Advance Payment and Maintenance)

Amount Previous Price List 2015 Amendment 1 Amendment 2 Additional Conditions
Up to US$9,999.00 US$15.00 per month $15.00 per month    
US$10,000.00 – US$49,999.00  0.15%/Month (Min. US$15.00 0.15%/Month (Min. US$15.00    
US$50,000.00 – US$99,999.00  0.13%/Month  0.13%/Month     
US$100,000.00 – US$499,999.00  0.11%/Month  0.11%/Month     
US$500,000.00 – US$999,999.00  0.09%/Month  0.09%/Month     
≥US$1,000,000.00  0.07%/Month  0.07%/Month