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Bid Bonds

AGD Bank issues Tender Bond / BID Bond / Bid Security as part of a supply bidding process by the contractor to the project owner. This is to provide a guarantee, that the winning bidder will undertake the contract under the terms at which they bid.

This guarantee provides the beneficiary with a financial remedy if the applicant fails to fulfil any of the tender conditions.

For more information, please write to us at ibdremit@agdbank.com and we will get back to you.