Provisional Bid Bond Guarantee

A mandatory requirement for all bidders submitting bid files for public contracts. The bid bond guarantees your commitment to the tender process.

5%

of total contract value as the bid bond guarantee amount

120 Days

validity period after which the bid bond amount is released

$1,750.00

bank account opening fee for a temporary national bank account

About the Provisional Bid Bond

The Provisional Bid Bond is a mandatory financial guarantee required from all bidders participating in public procurement tenders. It serves as proof of the bidder’s serious commitment and financial capacity to undertake the contract if awarded.

Mandatory Requirement

All bid files must include a provisional bid bond performance before submission. Bid files submitted without a valid bid bond will be rejected.

Bid Bond Conditions

  • 1.The bid bond guarantee amount is 5% of the total contract value for all active and awarded contracts.
  • 2.The bid bond is valid for 120 days, after which the full amount is released back to the bidder.
  • 3.Bid bonds can be issued by foreign banks or national banks recognized by the Ministry of Finance.
  • 4.Bidders who include a valid provisional bid bond in their submission will receive advance payment if declared the winner.

How It Works

  1. 1Choose a recognized bank from the list of national banks authorized by the Ministry of Finance to issue bid bonds.
  2. 2Submit your bid bond requirements — provide your company details, upload your registration certificate, and enter the contract value to calculate the 5% guarantee amount.
  3. 3Pay the $1,750.00 USD account opening fee — this covers the creation of a temporary bank account at the chosen national bank for your bid bond deposit.
  4. 4Receive your account details — once approved, you’ll get the newly opened bank account details for depositing the 5% bid bond amount.
  5. 5Deposit and submit — the 5% bid bond amount is held in the account for 120 days. Include the bid bond documentation with your bid file.

Recognized National Banks in Cameroon

The following banks are recognized by the Ministry of Finance of Cameroon to issue Provisional Bid Bonds for interested bidders:

Societe Generale Cameroun
Afriland First Bank
BICEC (Banque Internationale du Cameroun pour l'Epargne et le Credit)
SCB Cameroun (Societe Commerciale de Banque)
Ecobank Cameroun
United Bank for Africa (UBA) Cameroun
Standard Chartered Bank Cameroun
Commercial Bank of Cameroon (CBC)
Banque Atlantique Cameroun
Citibank Cameroun
Apply for a Bid Bond