Public Procurement

Insurance and Guarantees for Public Tenders

Obálka zapečetěná červenou pečetí na stole.

A Reliable Partner for Government Tenders

Participating in public procurement requires not only expertise but also financial stability, evidenced by guarantees. Replacing bank guarantees with insurance bonds frees up your credit limits with banks for operational financing. We specialize in bonding and insuring risks associated with fulfilling public contracts.

Public Procurement Risks

01

Unjustified Guarantee Call

The risk that the contracting authority will unjustifiably call on a bank or insurance guarantee (Bid Bond, Performance Bond).

02

Procedural Errors

Exclusion from the tender or cancellation of the contract due to formal errors in the bid or documentation.

03

Failure to Meet Project Parameters

Penalties and damages if the final performance does not precisely match the tender documentation.

04

Liability of Committee Members

Personal liability of evaluators for discriminatory or non-transparent selection procedures.

05

06

Insurance for Public Tenders

Insurance Guarantees (Bonding)

We mediate all types of guarantees required in tenders: bid bonds (Bid Bond), performance bonds (Performance Bond), and warranty bonds (Warranty Bond/Retention Bond). The insurance form of guarantee does not burden your bank lines and is generally accepted by contracting authorities.

Liability and Implementation Risks

Public contracting authorities require strict liability insurance and construction/erection all risks insurance with high limits. We will help you set up an insurance policy precisely according to the tender documentation requirements so that you are not excluded from the tender for failing to meet qualification criteria.

Let's talk about public procurement insurance

Participating in public procurement requires not only expertise but also financial stability, evidenced by guarantees. Replacing bank guarantees with insurance bonds frees up your credit limits with banks for operational financing. We specialize in bonding and insuring risks associated with fulfilling public contracts.

Professional and smiling team of Eurovalley specialists in joint working consultation.