Performance Guarantee in Construction – Surety Bond

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Case Study:

Bronze Wing Trading

Provided Performance Guarantee in Construction for a Spanish Contractor

Presented by www.importletterofcredit.com

Success Story Overview A Spanish Contractor signed millions dollar worth of building project by availing Performance Guarantee in Construction from Bronze Wing Trading.

Problem

Challenge

Solution

The Developer & The Contractor Signed the Agreement

Problem: The Contractor Required Performance Guarantee A Developer in Madrid announced a tender for their high rise building project. The contractor submitted their bid & won the contract.

Before signing the contract, the developer demanded for the Performance Guarantee on behalf of the contractor and in favor of their company.

Challenge: How to Avail Performance Guarantee The Contractor contacted their bank with a request to avail the required guarantee on their behalf. Since they exhausted their bank facilities, they were unable to avail from their bank.

Also, since they don’t have enough hard cash in their hands, it was not possible for them to avail the bond from private lenders.

While searching for performance bond providers on Google, they

came across to one of our infographic post & then, they contacted us via email.

Solution: BWT Issued the Required Guarantee Upon the receipt of their request, we studied their contractual terms and approved their request. Then, the client visited our office to sign the agreement and paid the admin charges.

Then we structured their performance bond by blocking our bank limit & sent the draft for the client’s review. The client approved the draft and paid the issuance fee charges.

Accordingly, we instructed our bank to issue the Performance Bond on behalf of the contractor to the developer’s bank via

authenticated Swift MT760.

Success: The Developer Signed the Agreement with the Contractor After receiving the Performance Guarantee, the Developer signed the agreement with the Contractor.

This is how the Deal Concluded Successfully!

Read the Full Story

Avail Performance Bond From Us Bronze Wing Trading L.L.C. Provides Performance Bond From Rated Banks On Behalf of Your Company!

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No Cash Margin! No Hidden Fees!

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Contact Bronze Wing Trading L.L.C.

00971-4-5519699 support@importletterofcredit.com Office 3002, 30th Floor, Aspect Tower, Al-Sa'ada Street, Business Bay, Dubai, United Arab Emirates.

Avail Performance Bond From Us Without Blocking Cash Funds!

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