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 |