NIC Ventures, a subsidiary of the NIC group, in partnership with Masterpiece Fusion launched a digital service dubbed “BeeDee”. Here is what James Ndung’u, the managing director at NIC ventures had to say…
What is BeeDee?
It is a digital facility available to NIC customers and non customers that allows businesses to quickly and conveniently receive bid bonds. It is accessible on mobile devices and on the web.
How does it work?
1. A person creates a profile on the Beedee portal. The system simulatenously verifies the information as it is entered.
2. Then creates a company profile. Beedee automatically vets the data to establish authenticity and eliminate fraudsters. A fee is charged for the service. Once cleared, the person can generate the bid bond from the web portal. The bid bond provides a guarantee that the business will meet its obligations if the tender is awarded to them.
The application process takes five minutes or less. A business that has entered information on the BeeDee platform will not have to repeat the process the next time they request for a bid bond.
Who can use the service?
BeeDee is designed to empower small and medium sized businesses by giving them a convenient, quick and efficient way to obtain a bid bond needed in the tendering process.
What benefits does BeeDee offer?
It is quick and
How safe is BeeDee?
BeeDee is tamper proof. It is a secure online platform that uses QR codes as a safeguard against criminals.
Are there platforms similar to BeeDee in Kenya?
No. BeeDee is the first CBK-approved online platform that allows users to quickly request for and receive an instant tender security also known as bid bond.
