ITTInvitationToTender

Definition

Retention Bond

A bond replacing cash retention.

Plain-English explanation

Improves your cash position at the cost of a bond fee.

Related terms

Retention

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