Please ensure Javascript is enabled for purposes of website accessibility Bid Bonds Faqs Archives - Credit Bank PLC
April 8, 2026
By admin

Documents required?

No document is required except the tender document from theprocuring entity

April 8, 2026
By admin

What qualifies a customer for a bid bond?

A bid bond customer is either a Contractorwho holds an account with CBL or an Agent holding an account with CBL applying bidbonds on behalf of their customers

April 8, 2026
By admin

What are the benefits of using the Auto Bid Bonds?

Users can get bid bonds quickly ensuring they meet tender requirements and enhancing their credibility in the bidding process.

April 8, 2026
By admin

What is the cost per Bid Bond?

0.375% one off minimum Kes 2,000 plus excise duty

April 8, 2026
By admin

Who can use the platform?

The platform is designed for Credit Bank customers (contractors) including Bid bond agents applying on behalf of their clients, offering a convenient way to manage bid bonds efficiently.

April 8, 2026
By admin

How does the platform work?

The platform allows users to obtain bid bonds instantly providing a secure QR code for verification and real-time validation.