Guarantees
Standby Letters of Credits or Supply Payment Guarantee
We issue Standby Letters of Credit or Supply Payment Guarantees
as per your business requirements, enabling you to enter into an
open account supply terms with exporters.
Tender or Bid Bond
We issue Tender or Bid Bonds to help you secure a contract as
per your requirements. Tender or Bid Bonds are a percentage of the
contract value and may vary depending upon the contractual
agreement.
Performance Bond
We issue Performance Bonds that facilitate you ability to
execute awarded contracts, covering any non-performance risk,
giving your employer added assurance that you are able to complete
the project.
Retention Bonds
We issue retention bonds on your behalf so that you don't have
to leave cash retentions with employers or other contractors, hence
ensuring that your business cash flow remains uninterrupted.
Advance Payments
Our advance payment guarantees help you secure funding prior to
the start of your project; the advance payment will be deducted
progressively upon the commencement of the work contract.