COVERAGE

Ensures that the contractor utilizes the advance payment for the mobilization of the contract according to the terms and conditions of the contract without failure.

Main Covers

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

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

  • Project Completion Letter

  • Board Resolution

  • Counter Indemnity Agreement

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