Fast & Easy
About Us
TRADEPAWA is a platform that provides convenient, reliable and affordable link among parties in
a trade finance transaction. Access to bid bonds offered by financial institutions to facilitate trade
is at the comfort of users’ desk through TRADEPAWA.
TradePawa Users
Tenderers / Bidders / Traders
Banks / Financial Institutions
Procuring entities
TradePawa Process Flow
Step 1
Register and Apply for Bid Bond
Step 2
Bid Bond Verification & Approval
Step 3
Bid Bond Auto-generation & Printing
Step 4
Bid Bond Submitted together with other tender documents
Finally
Bid Bond Authenticity check by Procuring Entity
Bid Bonds
A Bid Bond is issued as part of tendering process by the supplier / contractor to the project owner (procuring entity), to provide guarantee that the winning bidder will carry out the contract under the terms at which they bid.
The amount of money guaranteed by the bid bond is subject to full or partial forfeiture if the winning contractor fails to either execute the contract or provide the required performance and/or payment bonds. The bid bond assures and guarantees that should the bidder be successful, the bidder will execute the contract and provide the required surety bonds.
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