Performance Guarantees
Performance Guarantees are issued to guarantee satisfactory completion of a project by a Contractor. When the project is awarded to the winning bid, a performance guarantee will then be required as a security to the project completion.
Issuance Criteria
- Application for Issuance of Bank Guarantee.
- Copy of Contract or Bid Condition Letter from Beneficiary.
- Copy of valid Business License.
- Copy of Tazkira or valid Passport involved in Business License.
- Copy of Articles of Association. (Asasnama).
Easily avail BMA's Bank Guarantees with simple Terms!
Related Topics
Retention Guarantee
Bid Guarantees
Advance Payment Guarantee
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