Inquiries and applications submitted through SuretyPH are endorsed to the relevant duly licensed insurance company. Approval is subject to verification of submitted information, eligibility requirements, and the underwriting guidelines of that insurance company.

Tools

Bid Security Calculator

Estimate bid security based on the Approved Budget for the Contract. Always confirm the percentage prescribed in the bidding documents.

Approved Budget for the Contract (PHP)

Cash, cashier's or manager's check

2% of the ABC

₱400,000.00

Bank draft, guarantee, or irrevocable letter of credit

2% of the ABC

₱400,000.00

Surety bond callable upon demand

5% of the ABC

₱1,000,000.00

Percentages follow the commonly prescribed procurement thresholds. The bidding documents and the procuring entity remain the controlling reference.

SuretyPH is a digital platform for surety bond information, inquiries, requirements and request tracking. It does not underwrite, approve, bind, issue, or guarantee any insurance policy or surety bond. Evaluation, underwriting, approval, pricing and issuance are undertaken by the applicable licensed insurance company.