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The bank assures the buyer that the supplier will not refuse a contract if awarded. What is it called :::?

a) Performance Bond/ Guarantee

b) Advance payment bond/ Guarantee

c)  Bid Bond/ Tender Guarantee

d) James Bond / Guarantee

Money Market Accounting Bank Accounting Finance Management
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Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/14
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CHANDA SON
by CHANDA SON , Marketing , Man Global Investments Limited

WHAT IS Bank Guarantee, Letters of Credit, ALL ABOUT?

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Tender Guarantees (Bid Bonds) - whereby the bank assures the buyer that the supplier will not refuse a contract if awarded.

sarfaraz shaikh
by sarfaraz shaikh , Finance Manager , CASTLE TOURISM HOTEL MANAGEMENT (ROZANA HOTEL)

Bid Bond / Tender Guarantee

Mohsin Patel
by Mohsin Patel , Accounting Analyst , Water G.

It;s called Tender guranteee

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>>>>>>>>>>>>>>>   c)  Bid Bond/ Tender Guarantee

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

CORRECT ANSWER IS C) Bid Bond

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