Surety Bond for the Provisional Guarantee

This bond enables participation in tenders for construction works, supplies, services, and maintenance, guaranteeing the subsequent signing of the contract and compliance with the obligations imposed on the Contractor in the event of winning the contract.

As stipulated by law, the contracting authority requires this policy from every company intending to participate in a tender. Its purpose is to ensure the commitment of the winning company to sign the corresponding contract.

The provisional policy also covers the lack of technical-organizational and economic-financial requirements by the participating company, as specified in the tender notice. The policy must also include the guarantor's commitment to the winning company to issue the performance guarantee – the so-called Final Guarantee. The amount of the guarantee is set at 2% of the base amount of the auctioned works and can be reduced by 50% if the company holds an ISO certification.