Tender Guarantee (also called Bid Bond).
This is usually issued for an amount equal to between 1 and 2 percent of the contract value. It gives the employer compensation for additional costs if the...
In civil construction projects advance is given to the contractor which is known is as Mobilization Advance. It is normally 15% of the total contract value. The prerequisite for the issue of advance...
A guarantee of immunity protects a person against charges stemming from whatever act they are immunized over. A drug user may receive immunity for his drug charges in return for testifying against...
Performance gtee is basically guarantee a performance of your client, the employer if not satified with the performance of you client as per the agreement signed with them the employer could claim...
A bank guarantee is a guarantee issued by the bank to the beneficiary that the bank will make payment in case the bank's customer does not make payment to the beneficiary or in case of...