Tenders
Tender & Contract Finance
Collateral optionalBid bonds, performance guarantees and mobilisation capital for companies bidding on or winning public and private tenders.
- Indicative rate
- 8.5% – 14%*
- Amount
- $50K – $25M
- Tenor
- up to 5 yrs
*Indicative APR range. Subject to credit approval. Not an offer of credit.
- Amount
- $50,000 – $25,000,000
- Indicative APR*
- 8.5% – 14%
- Representative rate
- 10.5%
- Max tenor
- 60 months (5 yrs)
*Indicative only. Subject to credit approval.
8.5% – 14% · up to 5 yrs · Arrangement fee 1% – 0.75%
Calculate repaymentsTender & Contract Finance supports companies bidding on and delivering public, donor-funded and private tenders — from bid bonds at submission to mobilisation capital once the contract is awarded.
We issue or back bid, advance-payment and performance guarantees and fund contract execution, secured by assignment of the contract proceeds rather than property.
Key features
- Bid bonds, advance-payment and performance guarantees
- Mobilisation and contract-execution working capital
- Secured by assignment of contract proceeds — no property required
- Public, donor-funded and private tenders
Eligibility
- Registered company with relevant contract track record
- Tender documents or signed contract award
- Two years of financial statements
- Creditworthy contracting authority or buyer
Use of proceeds
- Bid bonds and tender security
- Advance-payment and performance guarantees
- Mobilisation, materials and payroll
- Contract-execution working capital
Typical covenants
- Contract proceeds domiciled to a Westford-controlled account
- Milestone certificates shared monthly
- No contract variation without consent
- Insurance per contract requirements
Draw schedule
Guarantees issued on request; cash draws against mobilisation budget and certified milestones.
Indicative term sheet
Indicative terms — Tender & Contract Finance
- Borrower
- [Contractor Co.]
- Amount
- Up to USD 10,000,000
- Tenor
- 24 months
- Pricing
- Fixed 10.5% p.a.; guarantees 1.5–3.0% p.a. (indicative)
- Fees
- Arrangement 1.0%
- Security
- Assignment of contract proceeds; counter-indemnity
- Repayment
- From contract payments as milestones are certified
Ready to finance your next milestone?
Submit a proposal in minutes. A Westford deal officer will respond within two business days.
