ConcordBank tender guarantee
Why ConcordBank tender guarantee is just for you
- The ability to get a guarantee promptly.
- No paper bureaucracy.
- Simple and understandable low one-time fee (without any hidden fees).
- ConcordBank credit rating – uaAA with a “positive" outlook.
- More than 6000 tenders won per year in favor of ConcordBank customers.
Tariffs
| Guarantee amount |
Standard terms |
Terms under a General Agreement |
|
Commission |
||
|
up to UAH 100,000.00 |
not less than UAH 1,000.00 |
UAH 800.00 |
|
from UAH 100,000.01 up to UAH 1,000,000.00 |
2,0% |
1,70% |
|
from UAH 1,000,000.00 |
1,5% |
1,20% |
|
Conditions
|
guarantee of ultimate beneficial owners in the amount of UAH 300,000.00 or more |
10% cash cover for the amount over UAH 1,000,000.00 *
|
|
20% cash cover for the amount over UAH 1,000,000.00 |
||
* Guarantee for the total amount of the General Agreement.
Questions and answers
Why do I need a tender guarantee?
While the competition is relatively low, you have great chances of winning tenders! But to participate, you must provide a bank guarantee.
This is a document that confirms the fulfillment by the bidder of all obligations in case of victory (for example, a guarantee for the supply of goods / works / services within the specified time, at the stated price, etc.). ConcordBank decided to meet the business by simplifying this procedure, now it takes up to one hour, does not require a deposit and does not provide for an obligation to open an account with a bank.
How much is the tender guarantee limit?
There is a possibility of issuing tender guarantees separately or as part of the General Agreement
In what currency can I execute a tender guarantee?
The tender guarantee can be executed in UAH, EUR or USD.
What requirements does the bank set up to the customer when executing a tender guarantee?
Requirements that a potential customer must meet when considering a guarantee:
- The customer is a legal entity registered in accordance with applicable law or an individual - a business entity, a resident of Ukraine.
- There are no court decisions on the arrest, confiscation, enforcement of monetary funds and / or property against the customer (for an overall amount of more than 0.5 million UAH).
- Bankruptcy and liquidation proceedings have not been initiated against the customer, the customer is not in the process of termination.
- Lack of negative information regarding business owners, customer managers (confirmed by the conclusion of the Security Department).
- Transparency of customer ownership structure (confirmed by customer identification).
Is it possible to obtain an electronic tender guarantee?
Yes, at the request of the customer, if it is provided for by the tender documentation, an electronic bank guarantee may be provided.
