Payment Guarantee in Construction – Advance Payments

UAE Contractor Availed

Payment Guarantee from

Bronze Wing Trading

Without Blocking Cash Funds

Presented by

www.bwtradefinance.com

support@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

2

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.

3

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.

4

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.

5

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

6

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

support@bwtradefinance.com

Office 3002, 30th Floor,

Aspect Tower,

Al-Mustaqbal Street,

Business Bay, Dubai,

United Arab Emirates.

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