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eGuaranteeGov

Overview
PUB is one of the participating agencies who is on board eGuarantee@Gov an initiative to digitalize banker’s guarantees and insurance bonds provided to government agencies.



Performance Bond for PUB Contracts

For PUB procurement above $500K, the awarded contractors shall be required to provide the Board a Security Deposit for the due and faithful performance of the Contract, either in the form of cash or a guarantee issued by a FinancialInstitution registered with Monetary Authority of Singapore.

With the launch of eGuarantee@Gov which provides a streamlined and seamless application process, the contractor may consider adoption of eGuarantee instead of the conventional submission of a paper guarantee for their awarded contracts.




Benefits of applying for an eGuarantee

Swift: With eGuarantee@Gov, businesses and individuals can provide a guarantee to government agencies for their contractual or licensing obligations within a day.
Seamless: Businesses and individuals no longer need to deliver the paper guarantees to the government agencies. Guarantees will be issued to government agencies securely and electronically by the Financial Institutions through Singapore Customs’ Networked Trade Platform (NTP).
Savings: In addition to time savings, businesses and individuals get to enjoy cost savings through the eliminations of courier charges, printing cost and physical storage cost.


Application for an eGuarantee

Contractors can apply for an eGuarantee from the participating Financial Institutions (FI) who have been set up as business partners with PUB.


a.
First, retrieve the following information from PUB Procurement & Contracts Department:

i.
Guarantee Template Reference Code
ii.
Case reference Number
iii.
Guarantee Sum
iv.
Other Relevant Information

b.
Next, go to www.eguarantee.gov.sg to choose your preferred eGuarantee provider from a list of participating FI.

c.
Finally, provide the relevant information to your FI, which will process your application and issue the eGuarantee directly to PUB.

Find out more atwww.eguarantee.gov.sg.



Benefits of applying for an eGuarantee

Benefits eGurantee


Application process for an eGuarantee

Application process eGurantee


Steps to apply for eGuarantee

1.
Obtain required information to apply for eGuarantee
Steps On PUB eGuarantee Application
Book 

2.
Choose your preferred eGuarantee Provider
Visit https://www.eGuarantee.gov.sg/financial-institutions/ for the list of participating FIs to enquire about application for eGuarantee.


Book 
3.
The FI will process your application and send the eGuarantee to the PUB, who will process it and advise you on the next steps required. There is no need for you to collect the eGuarantee and courier it to PUB.

Note: No original hardcopy Guarantee will be issued.



Contact DetailscontactPhone

eGuarantee Application/Status
Procurement & Contracts Department:
-Ms Param at parameaswary_raju@pub.gov.sg or 67313827
-Ms Lim Lay Peng at lim_lay_peng@pub.gov.sg or 67313793



Finance Department:
-Ms Chew Meng Yin at chew_meng_yin@pub.gov.sg or 67313394
-Mr Chew Zhi Jie at chew_zhi_jie@pub.gov.sg or 67313980



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