A bid bond from Onwards Swift lets you demonstrate financial commitment to any procuring entity — swiftly issued, competitively priced, and backed by a CBK-licensed Digital Credit Provider (DCP).
A bid bond is a type of surety bond submitted with a tender application. It guarantees to the procuring entity that if your bid is accepted, you will enter into the contract under the terms you submitted. It protects the client from risk if the winning bidder backs out.
Required by procuring entities under the Public Procurement and Asset Disposal Act. Protects the contracting authority and signals your financial credibility as a bidder. Onwards Swift bonds are accepted by all Kenyan government agencies.
Typically set at 1–5% of the total project value. You pay a small premium (0.5–1% of the bond amount), not the full bond value — preserving your working capital.
Have the following ready when you apply. Our team will guide you through each step once you reach out.
Ready to get started? Our specialists handle the paperwork — you focus on the tender.
Send us the tender document with the procuring entity, tender number, amount, closing date, validity, and required format.
Our team reviews your submission against the required documents. We confirm the premium cost and agree on the terms with you.
Your bid bond is issued within 30 minutes. Submit it with your tender and compete on equal footing with the largest contractors.
Tender deadlines wait for no one. Bid bonds are issued within 30 minutes of receiving complete documentation — the fastest in the market.
Affordable rates structured for SMEs and growing contractors. Transparent pricing — no hidden charges or surprise deductions.
Procuring entities accept our bonds because we are fully regulated. Your bid carries the credibility of a licensed financial institution behind it.
Once you have won, you may need a Performance Bond or Advance Payment Guarantee to begin work. These are separate products — explore them on their dedicated pages.
Share the tender details and our team will issue your bid bond before the deadline.