BID BOND

The first step toward every successful contract.

Overview
A Bid Bond — also known as a Tender Guarantee — is a financial instrument required for participation in public and private tenders.
It ensures that the bidder, if awarded the contract, will:
1. Sign the contract under the terms oOered; and
2. Provide the required Performance Bond within the prescribed period. Should the bidder withdraw, fail to sign, or alter the oOer, the contracting authority (Beneficiary) receives immediate compensation up to the guaranteed amount.
“Reliability begins before the contract is signed.
EIS Broker turns it into a certified value.”

Regulatory Framework
Bid Bonds arranged by EIS Broker comply with:
• EU Directive 2014/24/EU – Public Procurement;
• Italian Legislative Decree 36/2023 – Public Contracts Code;
• Italian Civil Code, Articles 1936–1957 – Suretyship;
• IVASS Regulation No. 40/2018 – Intermediation and product compliance;
• ANAC (Italian Anti-Corruption Authority) tender provisions.
All guarantees are issued exclusively through insurance companies authorized and supervised by IVASS.

Who It’s For
• Construction and service companies participating in public tenders;
• Suppliers and engineering firms bidding for infrastructure contracts;
• Consortia and joint ventures applying for public works;
• Private entities requiring financial guarantees during selection phases. “Participation means responsibility — a Bid Bond transforms it into certainty.”

Key Benefits
• Full compliance with EU and Italian procurement rules;
• Issuance within 24–48 hours after approval;
• Accepted by all public authorities and private clients;
• Direct access to A-rated insurance companies;
• Tailor-made wording and digital submission.
“Where others promise reliability, we certify it.”

Documents Required
To apply for a Bid Bond, please provide:
• Tender notice or call for bids;
• Tender specifications / project summary;
• Company registration (Chamber of Commerce extract);
• ID and tax code of the legal representative;
• Latest financial statement (balance sheet or income statement);
• Bid amount and requested bond percentage (usually 2%);
• Validity period of the tender;
• Completed EIS Broker application form.

Request a Bid Bond Quotation
(Your request will be sent to ba********@*******er.it)