Electronic tender guarantees

In order to ensure participation of the bank’s customers in tenders held in accordance with procedures established by Law of Ukraine №922-VІІІ "On Public Procurement" adopted on December 25, 2015, Ukrsotsbank offers tender guarantees in an electronic form to its customers.

Electronic guarantee is a guarantee issued by a guarantor bank in the form of an electronic document signed by applying an electronic digital signature of an authorized person of the guarantor bank and electronic digital signature performing the role of a seal of the bank-guarantor.

In case of the guarantee provision in the form of an electronic document, the guarantee will not be issued in a paper form; the original of an electronic document is to be considered as a sole original of the guarantee.

The electronic guarantee is to be sent by the bank-guarantor to e-mail of the customer (the principal under the guarantee), indicated by the customer in an Application for guarantee issuance.

A customer submits its tender offer in electronic form through e-procurement system and also uploads electronic tender guarantee along with other documents required under the terms of tender documentation.