CB Bank provides services for Bid Bond or Tender Guarantee for the Exporters or Contractors
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Application for Bid Bond
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Format of Bank Guarantee from Relevant Authority / Government / Ministry
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Authority to Debit Account
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Cash Margin / Credit Facility for Guarantee
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CB Bank customer will apply for Bid Bond or Guarantee with the format of Bid Bond as required by the relevant Authority/ Government/ Ministry
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Bank will check existing BG Limit / create a facility against collateral /deposit of cash margin with CB Bank
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Bank will check the contents of the Bid Security and issue the Bank Guarantee if the terms and conditions are acceptable
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Upon expiry of the Bank Guarantee/ completion of contract the original Bid Bond to be returned to the counter of CB Bank for the release of cash margin or the collateral
Pre-arranged fees & charges