Family Bank undertakes to pay, on behalf of the customer, a stated sum to the beneficiary, should the customer fail to perform a contract.<\/p>\n
This is guarantee covers the procuring entity\u2019s expenses in case when a participant revokes its bid or does not accept the offer.<\/p>\n
This is a surety bond issued by a bank to guarantee satisfactory completion of a project by a contractor.<\/p>\n
Guarantees that the advance payment will be returned to the procuring entity if the contractor does not fulfil its obligations on delivery of goods or services.<\/p>\n
Payment Guarantee provides the beneficiary with financial security should the applicant fail to make payment for the goods or services supplied.<\/p>\n
Customs bond is issued to Customs Department in lieu of payment of duty; a contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction.<\/p>\n
Trade line solution tailor made to suit SACCOs, MFIs and other Non-Financial Institutions for on lending to their members\/clients who are tenderpreneurs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Family Bank undertakes to pay, on behalf of the customer, a stated sum to the beneficiary, should the customer fail to perform a contract. Bid Bonds This is guarantee covers the procuring entity\u2019s expenses in case when a participant revokes its bid or does not accept the offer. Performance Bonds This is a surety bond […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1627,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/guarantees.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1638","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n