BID BOND

INTRODUCTION

The bank issues to the bid bind to the project owners assuring the contractor financial stability in either government or non government organization’s contract assuring the different positive and negative scenario, company registration number, registration certificate etc.

The helps in gaining comfort ability awarding a project to a contractor knowing that if the project fails, they can collect compensation from the surety bond.

FEATURES

  • Fair interest rate and service charge
  • Flexible Loan Tenure
  • Prompt Processing

REQUIREMENTS

  • Copy of Citizenship
  • PP size photograph
  • Valuation report from Bank's approved valuers
  • Certified source of income
  • Income Statement
  • Registration document at the conerned Nepal Government Office and Tax Office
  • Partnership Deed(for partnership firm)
  • Board Resolution(if private limited and institutions)