NATIONAL INSURANCE CORPORATION OF TANZANIA LIMITED (NIC)
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Tender/Bid Bond: Form of security assuring the employer/principal that a bidder is a responsible one and that if the bid is accepted the bidder will proceed to execute a contract. If the bidder fails to do; and an employer incur loss and expenses in the retendering process, those losses could form a claim under the bond.
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Advance Payment Bond
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National Insurance Corporation