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Advance Payment Guarantees in Kenya

Advance Payment Guarantee or Advance Payment Bond is an instrument issued by a Bank on behalf of its customer to secure upfront payments to them by third parties for jobs awarded to, but not yet executed by, the contractor or customer.

An Advance Payment Guarantee is issued to secure the release of payment for mobilisation of a project or contract. It is intended to bind the supplier (the bank’s customer) to use the advance payment for the purpose stated in the contract between the customer and the Principal.

The guarantee is payable on demand and may contain optional provision for the value of the guarantee to reduce with interim payments of certificates made under the contract. The advance payment guarantee should only become effective and valid once the advance payment has been received.

Requirements to get an Advance Payment Guarantee

We require the following information from the contractor(awardee):

  • Company Name
  • Postal Address
  • Mobile Number
  • Procuring Entity(Employer) Name
  • Procuring Entity's Address
  • Performance Bond Amount
  • Award Letter from Employer
  • Bank Statements (up to 6 months)
  • Portfolio of previously completed contracts/jobs
  • Tender Description(Title)
  • APG Validity(Period)

Why us

Here's why you should get your APG Securities from us

Genuine Bonds

Our APGs are gotten from reputable banks,insurance companies and microfinance institutions. You can count on us next time you win a tender.

Dedicated Team

Have an urgent APG? Our expert team will ensure its done and delivered to your desired destination in the shortest time possible.