Payment Guarantee in Construction – Advance Payments
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UAE Contractor Availed Payment Guarantee from Bronze Wing Trading Without Blocking Cash Funds Presented by www.bwtradefinance.com [email protected]
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This presentation is shared by Bronze Wing Trading to announce their recent success on helping a UAE based contractor to avail advance payments from their developer by providing an Advance Payment Guarantee on behalf of their developer. To read the full story, click here https://www.bwtradefinance.com/payment-guarantee-in-construction/
Do you require Advance Payment Guarantee to get advance payments from your developer? Submit your requirements today at [email protected] or call us at +97145519699.
Transcript of Payment Guarantee in Construction – Advance Payments
UAE Contractor Availed
Payment Guarantee from
Bronze Wing Trading
Without Blocking Cash Funds
Presented by
www.bwtradefinance.com
The Client’s Requirement
A UAE based Construction Company contacted Bronze Wing Trading L.L.C. to
avail Advance Payment Guarantee on behalf of their company and in favor of
their developer in Dubai.
Problem: Required Advance Payment Guarantee
Challenge: How to Avail MT760 without Cash Margin
Solution: BWT Issued the Required Payment Guarantee
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Problem: Required Advance Payment Guarantee
A UAE based construction company signed a profitable high-rise building
project with one of the leading developer in Dubai. To meet the significant
cost of the project, the contractor required advance payments from the
developer.
To issue the advance payments, the developer demanded from the
contractor to provide Bank Guarantee in their favor.
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Challenge: How to Avail MT760 without Cash Margin
The Contractor contacted their bank to avail the MT760 Guarantee. But
the bank demanded certain percent of the guarantee value as cash margin.
Since the contractor didn’t have cash funds in their hand, the bank
declined their request.
Finally, the contractor came across with our newsletter and contacted us
with their request.
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Solution: BWT Issued the Required Payment Guarantee
We studied their contractual agreement and approved their request to
provide the MT760 guarantee.
The client signed the service agreement with us and paid the admin
charges.
We blocked our bank limit and structured the payment guarantee with our
bank and sent the Bank Guarantee draft for the client’s approval.
The client approved the BG draft and paid the issuance fee charges. Also,
provided the other related documents.
Instantly, we sent a request to our bank to issue the Payment Guarantee
from our bank account in favor of the developer.
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Once the developer received the Bank Guarantee, they released the advance
payments to the contractor. And the deal concluded successfully.
Read the Full Story,
The Contractor Received the Advance Payments from the Developer
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Click Here
Advance Payment Guarantee Available for
Contractors Bronze Wing Trading L.L.C., specializes in
assisting contractors to avail lucrative
contractors by providing a range of
guarantees without blocking their working
capital.
Bank Guarantee
Performance Guarantee
Advance Payment Guarantee
Bid Bond Guarantee
7
00971-4-5519699
Office 3002, 30th Floor,
Aspect Tower,
Al-Mustaqbal Street,
Business Bay, Dubai,
United Arab Emirates.
Click Here to
Get FREE Quote
from Us
Contact Bronze Wing Trading L.L.C.
