https://www.businessdailyafrica.com/bd/corporate/technology/new-hf-group-e-platform-offers-smes-sh10m-in-bidding-bonds-3590014Small and medium enterprises (SMEs) participating in public tenders can now get real-time unsecured bid bonds of up to Sh10 million via a web-based platform launched by HF Group. The listed lender has said the online-based solution dubbed HF Whizz Bid Bonds will ease applications for the bid bonds, increasing SMEs’ chances of winning tenders.
A bid bond is issued by the supplier or service provider to the project owner as a guarantee that they will undertake the contract once awarded. It is part of the documentation required when one is submitting a bid. HF will guarantee the project owner or contracting authority that in the event the bidder wins the tender, they will meet the requirements.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope