PERFORMANCE GUARANTEE

A Performance Guarantee (PG) is issued by an insurance company or bank to a principal party to guarantee the full and due performance of the contract by the contractor according to the time schedules and specifications agreed between the parties.

Ensures that the contractor fulfills the contract obligations according to the terms and conditions of the contract without failure.

Improve your cash flow, as funds can be utilized for other purposes. It also opens opportunities to multiple tenders.

DOCUMENTS REQUIRED

  • Company/SP Profile & Portfolio (including MOA & AOA & Registration)

  • Audited financials past 2 year / past 6 months bank statement (Depending on bond value)

  • Contract or award letter

  • Board Resolution
  • Counter Indemnity agreement

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