Frequently Asked Questions
1. What is a bid bond?
A Bid Bond is a supply, tender or service project security required during the bidding process of work contracts. It is also known as a tender security.
2. How do I login?
Go to the homepage and click the login button located at the header (top-right), to login with your email and password.
3. How do I get a quotation?
You can find a calculator at the mid-section of the homepage, where you fill out your bid bond details and generate a sample quotation.
4. How do I know whether my bid bond has been approved?
Once you log into your account, you will see a ‘Pending’ tab on your dashboard. Once you click it, every bid bond that you applied for and was approved, appears on that tab. Bid bonds you previously applied for but still haven’t been approved, appear under the ‘Pending’ tab too.
5. What pre-qualifies me for a bid bond?
Anyone with a NBK Zidii account can apply for a bid bond.
6. Is there a limit to what I can bid on?
The lowest amount you can bid is Ksh. 2,001 and bids above Ksh. 4,999,999 need more approval from your branch manager.
7. What are the files/forms required to apply for a bid bond?
Files needed to complete your bid bond application include a Board Resolution form, Indemnity form and the Original tender form.
8. Do I need an account to get a quotation?
No. All you need to do is visit our homepage where you’ll find a calculator that generates a quotation. Simply fill in the boxes and a quotation will be sent straight to your email’s inbox.
9. How do I pay for bid bonds?
You can pay through M-Pesa.