Bid bonds are the gateway to winning tenders, helping project owners determine the best contractor for the scope of work on offer. However, securing bid guarantees can be a complex process, especially when international bidders (and, consequently, international banks) are involved, as a large amount of coordination is required.

Having worked extensively in this area, Formulate’s track record of securing bid bonds on time is impressive, boosted by the company’s access to a panel of banks and insurers.