Bonds & Guarantees | GBTI Business Banking Guyana

Bonds & Guarantees

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Bonds We Offer

Our processing fees are very competitive.

Bonds are accorded secured or unsecured depending on evaluation.

Type of Bonds

Bid Security

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.

Performance Guarantee

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of Award Letter from Procuring Entity.
  13. Copy of Contract.

Advance Payment Guarantee

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of Award Letter from Procuring Entity.
  13. Copy of Contract.

Retention Bond

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of Award Letter from Procuring Entity.
  13. Copy of Contract.

Environmental Bond

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of Contract/Copy of GGMC Lease.

Irrevocable Guarantee

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of Contract/Copy of request letter from Beneficiary Entity.

GRA Customs Bond

  1. Customer must be an account holder at GBTI.
  2. Updated copy of Identification Card/Passport (if required).
  3. Updated copy of Proof of Address (if required).
  4. One (1) passport size photograph of customer (if not held on file).
  5. Copy of TIN Certificate (if not held on file).
  6. Updated proof of income -Job Letter/Financial Statements (if required).
  7. Copy of Current Business Registration (if required).
  8. Adequate collateral must be provided to secure the Bond/Guarantee.
  9. Copies of Compliance Certificates from GRA and NIS.
  10. Letter to the Bank requesting the Bond/Guarantee.
  11. Copy of Bid Data Sheet.
  12. Copy of documents from GRA relating to the Bond Request.