Bid Bond Guarantee – Tender Bid – Bid Bond

Case Study:

Bronze Wing Trading Helped a Construction Firm to Win

the Tender with Bid Bond Guarantee

Presented by www.importletterofcredit.com

Construction Firm Win the Tender with Bid Bond Guarantee A Construction Firm in South Africa required Bid Bond Guarantee to win the tender of the large construction project. For this, Bronze Wing Trading assisted them by facilitating Bid Bond/Tender Bid Guarantee from rated banks within 48 working hours.

01

Problem: Developer Demanded Bid Bond Guarantee

02

Challenge: Avail Bid Bond Guarantee to Contest in a Bid

03

Solution: BWT Provided Bid Bond in Favor of the Developer

Problem: Developer Demanded Bid Bond Guarantee

A Construction Firm in South Africa submitted their proposal for the bidding of a construction project.

The developer asked for a Bid Bond Guarantee along with the proposal to secure themselves from any default.

So, the contractor started the process to avail Bid Bond Guarantee on behalf of their company and in favor of their developer.

Challenge: Avail Bid Bond Guarantee to Contest in a Bid

The

Contractor

contacted

their

Bank

to

avail

Bid

Bond

Guarantee on behalf of their company, but the bank declined their request, as they didn’t have sufficient financial means.

On the other hand, when they approached other financial institutions to avail Bid Bond Guarantee, they demanded cash margin or very high fees to issue the Bid Bond Guarantee.

By luck, the contractor found Bronze Wing Trading L.L.C. from Facebook Ad and they contacted us with their Bid Bond request.

Solution: BWT Provided Bid Bond in Favor of the Developer Our team carefully analyzed their contractual document & approved their request. The client signed the service agreement with us & paid the admin charges to initiate the transaction.

Then, we sent the Bid Bond draft for their approval. Also, we asked them to pay the Bid Bond issuance fee & provide required documents to proceed with the issuance of Bond.

After receiving the draft approval, documents & charges, we instructed our bank

to

issue

the

required

authenticated Swift MT760.

Bid

Bond

to

the

developer’s

bank

via

Final Outcome: The Contractor Entered into the Contest & Won the Tender The Contractor submitted the proposal along with the Bid Bond Guarantee & got pre-qualified to enter into the bidding contest. Finally, the contractor won the bid of the Construction project.

The Contractor Thanked Us for Providing the Required Guarantee Within Set Time Limit.

This is How the South African Contractor Won the Multi-Million

Construction Project!

Read the Full Story – Click Here

Avail Bid Bond Guarantee from Us & Get Qualified to Enter the Bidding Contest Contact Bronze Wing Trading L.L.C. to avail Bid Bond Guarantee on behalf of your company without blocking your working capital.

We provide Bid Bond Guarantee on behalf of your company from rated banks within 48 working hours!

Apply For Bid Bond Guarantee

Avail Bid Bond Guarantee from Us & Get Qualified to Enter the Bidding Contest Contact Bronze Wing Trading L.L.C. to avail Bid Bond Guarantee on behalf of your company without blocking your working capital.

We provide Bid Bond Guarantee on behalf of your company from rated banks within 48 working hours!

Apply For Bid Bond Guarantee

Contact Bronze Wing Trading L.L.C. We Can Provide Complete Solution for All Your Trade Finance Needs!

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