The surety guarantee can be issued by banking or insurance companies that meet the solvency requirements, or by financial intermediaries duly registered in the register, according to art. 106 of Legislative Decree no. 385. It is the contractor who chooses the method.
The guarantee must provide for the waiver of the benefit of preventive enforcement of the principal debtor; this means that the contracting station, in the event of problems with the execution of the contract, directly addresses the institution that issued the guarantee (not the bidder) fast bail bonds pa.
The surety bond for public procurement must be valid for at least 180 days from when the offer was submitted. However, in the announcement it may be required that the guarantee has a shorter or longer validity, based on the duration of the offer. The contracting station, during the procedure, may request a renewal of the guarantee; this if at the time of expiry no offer has yet been awarded.
Save on the guarantee in public procurement, rely on our company certifications
Participating in tenders involves considerable costs linked to the obligation of the guarantee.
The taxation of insurance and banking entities depends on various factors, including the company’s balance sheet, creditworthiness and the schedule envisaged in the contract for works, services or supplies.
The amount of the provisional guarantee and the definitive guarantee are not released immediately; obtaining a reduction on the cost of the guarantee and of any renewal represents a great advantage and an important saving for your company.
The art. 93 of the public procurement code applies a reduction on the amount of the guarantee for companies that possess certain company certifications, issued by accredited bodies :
50% reduction: ISO 9000, ISO 45000, ISO 17000 quality system certification;
15% reduction: carbon footprint certification according to ISO 14067, greenhouse gas inventory according to ISO 14064.
Company certifications are increasingly requested in tenders; they are also among the rewarding criteria, allowing you to get more points for the award of the tender.
Rely on our team of experts to save money and have more opportunities to participate in public tenders called by public administrations.
