If you are planning to participate in the tender / auction, the IC Group offers you a renewed guarantees product.

Insurance Company IC Group will issues a tender / auction guarantees on the following conditions:

  • Guarantees of up to GEL 10 000 – without firm collateral (maximum amount of guarantees per one principal shall not exceed GEL 10 000);
  • Minimum package of documents to be submitted;
  • Making decision within one working day upon submission of documents;
  • Flexible rate scheme
Tender guarantees rates

<1001 GEL

50 GEL

>1001<5001 GEL

120 GEL

>5000<10001 GEL

170 GEL

>10000 GEL

6% annual, minimum 200 GEL

* Electronic guarantee registration (if necessary) fee of GEL 10.5 is added to this rate

List of documents:

  • The Charter (not required if the last edition is posted on the website of the National Agency of Public Registry)
  • Updated extract from the Entrepreneurial Register.
  • Copy of the identity card of the director. Copy of power of attorney / trust in the case of the entrusted person.
  • The protocol of the Founders / Shareholders Meeting certifying liability (if such is provided by the Charter). If there is one founder and at the same time the director, it is not mandatory to present the protocol.
  • Bidding documentation or E-tender number (not mandatory if this documentation can be found on the website of the State Procurement Agency).
  • Tax declarations (for the last 1 year);
  • Certificate of the Revenue Service on the debt or the Comparison Act;
  • Last 1 year extract from all the servicing banks (electronic version)


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