The United Republic of Tanzania
CONTRACTORS REGISTRATION BOARD
The Contractors Assistance Fund (CAF) was established in the year 2002 for the purpose of assisting contractors to access finance required for bid security or advance payment guarantee. This is after the Board realised that some contractors were not able to raise enough funds or collateral to secure bid securities or advance payment securities.
The Fund assists small and some medium contractors to access guarantees for bid security and advance payment security. To access the fund service, the contractor should apply for membership to the fund. Currently the Board operates the fund in collaboration with the CRDB Bank PLC.
Eligibility of Contractor
Currently the eligibility to CAF Membership is to all Local contractors (General Works Contractors and Specialist Contractors) irrespective of their class of registration. Eligible Contractor should apply for registration by filling in application form and pay a non- refundable fee of TZS 300,000/=
The applicant should submit passport size photos of two directors or partners who shall be dealing with CAF issues on behalf of the company. Attach letter of Authority/Board Resolution/ Power of Attorney to authorize the two directors. .
To qualify for guarantee, the following additional conditions will apply: