ITTInvitationToTender

Definition

Advance Payment Bond

Security given in exchange for payment up front.

Plain-English explanation

Lets you fund mobilisation while protecting the buyer if you fail to deliver.

Related terms

Performance Bond

Free tools for costing and planning your bid

Bid Cost CalculatorWork out what a tender response really costs you in time and money before you commit.Tender Timeline GeneratorBuild a working-back plan from the submission deadline so nothing gets missed.

See all free tender tools