Tender Guarantee for SMEs | Quick Issuance at JSC Nurbank
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SME Tender Guarantee

For participation in tenders
SME Tender Guarantee

Purpose

To ensure the Client's (Principal's) fulfillment of obligations to the Beneficiary according to tender/competition documentation.

Purpose

Client (Principal):

  • individual entrepreneurs

  • peasant (farmer) farms

  • legal entities

Communication channel:

Advantage of Electronic Bank Guarantee

Eliminates the risk of issuing a guarantee on a counterfeit form and saves the Client time and money on delivering the guarantee to the Beneficiary.

Terms of Guarantee Provision

Amount

According to the terms of the competitive/tender documentation

Currency

Tenge, euro, US dollar. Issuance of guarantees in other currencies is made in coordination with the Authorized Body of the Bank

Term

According to the requirements of the competition/tender

Fees

In accordance with the tariffs of the Bank effective at the time of the provision of the bank guarantee

Collateral
  • Movable, immovable property
  • Pledge of cash and/or pledge of cash deposited in the account in the amount of 100%

Frequently Asked Questions

What types of guarantees does Nurbank provide for SMEs?
  1. Bid bond for tender/competition participation
  2. Payment execution guarantee
  3. Advance payment refund guarantee
  4. Contract performance guarantee
  5. Loan repayment guarantee
  6. Taxpayer's tax payment obligation guarantee
  7. Customs duties payment obligation guarantee
  8. Guarantee for fulfilling obligations to eliminate consequences of subsoil use operations
Does Nurbank provide electronic bank guarantees for SMEs?

Yes, the Bank issues electronic bank guarantees on the portals www.goszakup.gov.kz and www.zakup.sk.kz

What form of guarantee is provided for a Blank Tender Guarantee?
  • one-time guarantee under the agreement on issuing guarantees
  • guarantees under a revolving credit line
How to obtain a tender guarantee?

Visit the Bank branch, providing the application and document package for the issuance of a tender bank guarantee

How to Obtain a Guarantee for SMEs Without Collateral?

All bank guarantees are issued with collateral, except for tender guarantees, which may be provided based on the client's turnover for the corresponding period

What are the fees on Tender Guarantees for SMEs?

Fees are charged in accordance with the Bank's tariffs effective at the time of issuing the bank guarantee

How to pre-calculate the guarantee amount for SMEs without collateral?

All bank guarantees are issued against collateral, except for tender guarantees, which can be provided based on the client's turnover for the respective period. It is possible to pre-calculate the guarantee amount based on turnover by contacting the Bank branch.

Is it strictly necessary to conclude a bank guarantee agreement, or is it enough to simply issue the bank guarantee itself?

Before issuing a bank guarantee, the Client concludes/signs a bank guarantee agreement with the Bank

What situations lead to the termination of a bank guarantee?

The situations of termination of a bank guarantee are defined in the bank guarantee itself

Can a bank, at its discretion, revoke a previously issued bank guarantee to a legal entity?

A bank guarantee is irrevocable and can only be revoked with the consent of the Principal and Beneficiary