Insurances offered by CityInsurance

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  • Auction guarantee insurance

    Guarantees of participation in the auction

    City Insurance provides you with the Auction Participation Guarantee, known as the BID BOND, a guarantee tool that the Bidder presents to the Beneficiary in case of participation in a public procurement procedure for obtaining various contracts. Its role is to protect the Beneficiary against the possibility of non-fulfillment of the Bidder's obligations during the validity period of the submitted bid until the conclusion of the public procurement contract or the framework agreement.

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