Bonds

If you plan to take part in public procurement or require bond against private companies, the Insurance Company IC Group offers renewed terms on bank guarantees.


What is bank guarantee?

  • Insurance Company IC Group issues the following bank guarantees:
  • Tender / auction guarantee – is used when a company (principal) plans to participate in a state or private tender.
  • Performance bond is used when a company has won a tender and the contract is to be concluded with the beneficiary, or the bond is needed based on the existing contract.
  • Advance bank guarantee – is used when company wishes to receive money in advance, based on the purchase agreement.
Why the IC Group?

Tender guarantees of up to GEL 10 000 are issued by the Insurance Company IC Group without collateral, also, based on the customer’s request other types of guarantee may be considered.

There is an individual approach to each customer of the bank guarantees in the IC Group that accelerates decision-making process and simplifies the relationship between the Company and the customer.

For more information, please contact us: +995 (32) 220 33 33

 

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