OBPLC Earnest Money/Bid Bond
We have initiated OBPLC Earnest Money/Bid Bond facility for eGP finance (Time loan for issuing pay order for earnest money and providing bank guarantee for bid bond to participate in tender through online based e-GP).
Purpose:
For participating in eGP tender/supply order invited by Govt. /Semi-Govt./Autonomous bodies by providing time loan facility through payment order (Pay Order) or bid bond through bank guarantee.
Features:
- Regular & specific (on demand) limit.
- Loan amount maximum Tk. 2.00 crore.
- 5.00% cash margin for Bid Bond/Earnest Money*.
- Loan tenor 120 days for Time loan (PO) & BG.
- Pay order issuance charge is free.
- No collateral required for Earnest Money/Bid Bond. Further W/o facility will be followed by existing OBPLC policy.
Eligibility:
- SME Entrepreneurs age limit: 21 to 65 years.
- At least 02 years same line business experience is required.
- The customer must have contractor ship license/enlistment with an acceptable work order issuing authority