When a Company Wins a Public Procurement Contract...

The next important step is securing a performance guarantee. In a new article on tender-service.bg, our colleague Mariyan Ivanov, manager of the Broker Ins Galaxy office, answers some of the most frequently asked questions about surety insurance and taking part in public procurement. 📌 What is the difference between a bank guarantee and surety insurance? 📌 What are the typical costs and what do they depend on? 📌 What mistakes do companies make when submitting guarantees? 📌 How quickly can the guarantee be issued? 📌 Is it accepted by all contracting authorities? More and more companies are looking for a more flexible alternative to bank guarantees, especially when they: ▪️ do not want to tie up working capital ▪️ have a limited credit line ▪️ work to tight deadlines ▪️ actively take part in public procurement The article is particularly useful for: ✔️ construction companies ✔️ IT and software companies ✔️ suppliers and engineering companies ✔️ small and medium-sized enterprises We thank tender-service.bg for the invitation and the opportunity to share practical guidance on the topic. 📖 Read the full interview here: https://bit.ly/4d5KApO