Contract & Tender Security
Performance Bonds
Assurance that a contract will be delivered as agreed.
What It Is
A performance bond is a guarantee issued on behalf of a contractor in favour of a project owner or employer, assuring that the contracted works will be carried out in accordance with the terms, specifications, and timelines agreed. Should the contractor fail to perform — through default, insolvency, or abandonment of the works — the beneficiary can call on the bond to recover losses up to the guaranteed amount.
Performance bonds are a standard requirement in Kenyan public procurement, typically set at 5 to 10 percent of the contract value, and are commonly requested for construction, infrastructure, supply, and service contracts awarded by government ministries, counties, parastatals, and private developers.
By standing behind the contractor's obligations, Amorin gives project owners the confidence to award contracts, while allowing contractors to compete for and execute larger tenders than their own balance sheet might otherwise support.
Who It's For
- Contractors awarded construction, infrastructure, or civil works tenders
- Suppliers and service providers with ongoing delivery obligations
- Project owners and employers requiring contractual security
- Firms bidding for county or national government contracts
Key Benefits
- Strengthens your bid and builds confidence with project owners
- Frees up working capital that would otherwise sit as cash security
- Structured to match the specific contract value and duration
- Supports both public procurement and private sector contracts
- Professionally assessed to reflect the true risk of the undertaking
How to Apply
Share your contract
Send us the signed contract or letter of award together with the bond wording required by the beneficiary.
Risk assessment
Our team reviews the contractor's capacity, the project scope, and the required bond terms.
Issuance
Once terms are agreed, the performance bond is issued directly to the beneficiary within days.
Typical Requirements
- Certificate of incorporation and company registration documents
- Signed contract or letter of award
- Audited or management financial statements
- Details of the beneficiary and required bond wording
- Note: exact requirements vary by facility size and beneficiary
Frequently Asked Questions
Ready to apply for a performance bonds?
Share your contract or tender details and receive a structured response within one business day.