Tender Guarantee

Pivdenny Bank provides its clients with tender guarantees, including for tenders conducted by state and communal enterprises in the "ProZorro” public procurements system.

Advantages of this type of banking guarantee:

  • The possibility to participate in tenders which require a banking guarantee;
  • the possibility of an electronic guarantee;
  • a simplified list of documents required to obtain a guarantee;
  • the opportunity to earn interest on the balance on the coverage account;

The main conditions for issuance of guarantees by Pivdenny Bank:

Requirements for principals:

  • business activity for at least 12 months.
  • stable financial position.


The maximum term of the guarantee is driven by the rules and is not less than the term of validity of the bid as specified in the tender documentation.

Currency – Hryvnia.

Format in which the guarantee can be issued:

  • on paper (not for tenders in the "Prozorro” system);
  • electronically, signed by EDS (electronic digital signature);

Collateral can be real estate; vehicles; goods in circulation; property rights to the funds on deposit accounts, etc.

Participants in the "ProZorro" system may only provide guarantees under surety of business owners.

Once the seller has submitted the full package of documents, the bank decides on the issuance of a guarantee within 5 working days.

Bank guarantee for competitive bidding
Guarantee fee (counter-guarantee fee)/renewal of guarantee (counter-guarantee)
secured against proprietary rights to cash placed on a deposit account with a bank – 2.0 % per annum over the duration of a contract (min. UAH 500); unsecured – 5.0 % per annum; secured with other property – 3.0 % per annum over the duration of a contract (min. UAH 500)
Consideration of payment request and payment under the guarantee (counter-guarantee)
0.2 % of the payment amount (min. UAH 1,000, max. UAH 5,000)
Change of conditions or cancellation of guarantee (counter-guarantee) (including its notification)
Extension of the term – UAH 1,000; other changes – UAH 500
Guarantee fee (counter-guarantee fee)/ cash cover guarantee (cash cover counter-guarantee)
1.5 % per annum over the duration of a contract (min. UAH 500)
Bank guarantee for competitive bidding through the PROZORRO electronic purchasing system
Guarantee fee (counter-guarantee fee)/renewal of guarantee (counter-guarantee)
secured against proprietary rights to cash placed on a deposit account with a bank – 2.0 % per annum over the duration of a contract (min. UAH 500); unsecured up to UAH 50,000 – UAH 1,000; unsecured of more than UAH 50,000 – 5 % per annum; secured with other property – not applicable
Consideration of payment request and payment under the guarantee (counter-guarantee)
0.2 % of the payment amount (min. UAH 1,000, max. UAH 5,000)
Change of conditions or cancellation of guarantee (counter-guarantee) (including its notification)
Extension of the term – UAH 1,000; other changes – UAH 500
Guarantee fee (counter-guarantee fee)/renewal of cash cover guarantee (cash over counter-guarantee)
1.5 % per annum over the duration of a contract (min. UAH 500)

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