BTLA Broker / Insurance bonds
Bid bond.
Prepare security for your tender.
A tender submission deadline calls for the right security and a correctly worded document. We help prepare a bid bond enquiry based on the contracting authority's requirements.
For businesses entering tenders that require bid security.
01 / Needs analysis
What will we establish before comparing quotes?
Availability, premium, limits, excesses and exclusions depend on risk assessment and the specific contract terms. Sending an enquiry does not activate cover.
What do we check in these areas?
Requirements
We check the amount, tender validity period, beneficiary and required method of delivering the guarantee. The terms in the procurement documentation matter.
Company assessment
The insurer assesses the applicant and may require financial documents or collateral. Submitting an enquiry does not mean a limit has been granted.
Issue and expiry date
We agree a timetable that allows time to settle the wording and submit the document. A change to the tender timetable may require a corresponding amendment to the bond.
02 / Preparing for the discussion
You do not need to have all the documents straight away.
Provide basic information in the questionnaire. If you are unsure about something, describe it briefly or choose a conversation. Once we understand your needs, we will establish what data is required for further analysis.
What should you prepare?
Tender documentation, beneficiary details, bid security amount and submission deadline. Financial documents can be sent through an agreed channel.
We will agree documents and details individually. The form starts contact; do not use it to send sensitive data or third-party documents.
03 / An important distinction
Before you choose cover.
Does the guarantee release the company from liability?+
No. It provides security for the beneficiary. After payment, the principal may be required to reimburse the guarantor under their contract.
What determines the price?+
It depends on the subject matter and scale of the risk, the cover, limits, claims history and the terms offered by the insurer. First, we need information about your situation. We do not provide a misleading quote based on the product name alone.
SPECIFICS / BEFORE A DECISION
Before you request a quote.
What affects the cost?
- The bid security amount and the bid validity period
- Required document wording
- Company assessment and available limit
These are starting points for a conversation. A meaningful price comparison requires a defined scope and terms of cover.
What will help our first conversation?
- Tender documentation
- Bid security amount and submission deadline
- Guarantee template or requirements
Don't have everything? Start with a brief description. We will establish what can be added later.
When should you send the tender requirements?
As early as possible, before the bid submission deadline. Issuing the document requires a review of the business, the wording and the available limit.
What happens after you report a claim?
We will contact you about your needs, clarify the information and agree the scope of further analysis. An enquiry alone does not put cover in place.
04 / Let's talk
Let’s get into the details.
Bid bond — describe your business's needs or ask for a conversation. We will get back to you with information about the next steps.
Call us 32 307 70 37↗Send an email [email protected]↗Enquiry to BTLA Broker
Bid bond: start with what you need. You can provide further details during our conversation.
Service hours: Mon–Fri, 8:00–17:00
What next? After you submit the enquiry, our team will contact you about it and establish what information is needed for a review.
A topic is enough to start. The BTLA team will agree with you what information and documents are needed.
Service hours: Mon–Fri, 8:00–17:00.
Conversations in Polish or English.
The data controller is BTLA BROKER LEADER sp. z o.o., al. Wojciecha Korfantego 138A lok. 114, 40-156 Katowice. We will use the data provided to handle your enquiry and contact you about it. Details of data processing and your rights are available in the privacy policy. Privacy policy (new tab).