Step 6
Payment of Bid Bond
- Application stage: Postulación FFC
01.
02.
03.
04.
Application
Approval
Project accreditation
Disbursement of the consideration
(Select the step you want to know about)
The Bid Bond is an initial payment that ensures the producer’s commitment to the execution of the project and its obligations.
- For the FFC, this corresponds to a single payment of COP 70.036.200
Frequently asked questions
What happens if the project is NOT approved?
90% of the amount paid as a Bid Bond is refunded.
What happens if the project IS approved?
The value of the Bid Bond remains in the FFC. The producer does not have to make any additional payments.