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Insurance Guarantee: Reliable Protection in Tender Procedures An insurance guarantee is a written confirmation from an Insurance Company to compensate for losses in the event of insured risks stipulated in the insurance contract. This is a convenient and effective alternative to a bank guarantee and a financial guarantee without freezing your own funds, allowing you to participate in tenders and fulfill contracts without undue financial burden. We offer fast processing of an electronic guarantee in just 2 hours, significantly saving your time. The document is affixed with an electronic digital signature (EDS), guaranteeing its legal force and compliance with legislation. Only a minimal package of documents is required for processing, and importantly, no collateral is needed.
Cost of an Insurance Guarantee: from 2% of the tender security amount (the minimum fee is 2,000 UAH, but it may be higher depending on the complexity of the tender documentation's terms). |
Contact Persons
For consultation, you can reach out to:
Yurii Myronchuk – info@prestige-ic.com.ua
or call: (044) 38-39-145
Insured Risks Covered by the "Insurance Guarantee" Product
For the Tender Participant:
- Withdrawal of a tender proposal/offer: If you withdraw your offer after the submission deadline, but before its validity period expires.
- Non-signing of the contract: If you become the winner of a tender/simplified procurement but fail to sign the procurement contract.
- Failure to provide contract performance security: If you become the winner of a tender/simplified procurement and do not provide contract performance security after receiving notification of intent to conclude a contract (if such provision is required by the tender documentation/announcement).
- Failure to provide documents to confirm absence of grounds for refusal: If you become the winner of a procurement procedure (excluding negotiated procedures) and fail to provide, within the period specified by the Law of Ukraine "On Public Procurement" or other regulatory acts of Ukraine, documents confirming the absence of grounds for refusal to participate in the procurement procedure.
For the Tender Winner:
- Non-performance or improper performance of obligations: The Policyholder, as the tender winner, fails to perform or improperly performs their obligations under the Contract (agreement).
By choosing an insurance guarantee from PJSC "Company "PRESTIGE", you gain a reliable tool for participating in public procurements, minimizing your financial risks, and ensuring the customer's trust.