Tender Bond

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:financial_services_company
gptkbp:alsoKnownAs gptkb:Bid_Bond
gptkbp:award Percentage Of Tender Value
gptkbp:benefit Project Owner
gptkbp:forfeitedIf Bidder Withdraws Bid
Bidder Fails To Sign Contract
gptkbp:guarantees Bidder Will Enter Contract If Awarded
Bidder Will Provide Performance Bond
https://www.w3.org/2000/01/rdf-schema#label Tender Bond
gptkbp:issuedBy gptkb:bank
gptkb:insurance
gptkbp:notGuarantee Project Completion
gptkbp:purpose Guarantee Bidder Commitment
gptkbp:regulates International Standards
Local Laws
gptkbp:requires Private Sector Tenders
Public Sector Tenders
gptkbp:riskMitigationFor Project Owner
gptkbp:usedIn Construction Projects
Procurement Processes
gptkbp:validOn Until Contract Award
gptkbp:bfsParent gptkb:Bid_Bond
gptkbp:bfsLayer 7