BNU - Macau

Guarantees

BNU can issue bank guarantees at the request of our customer to facilitate their business activity and reduce financing costs.

The guarantees we issue include:

Bid Bonds

Bid Bonds for customers to tender for a specific work or project.

Performance Bonds

Performance Bonds which reduce the risk to the project owner related to the timely and adequate completion of projects and works and therefore increase the chances that our customers’ offers be accepted.

Advance Payment Bonds

Advance Payment Bonds required for our customers to receive contract proceeds in advance during the course of the implementation of projects.

Retention Bonds

It is common practice that a project owner retains a percentage of the contract price for a period of time to cover eventual claims against the contractor. Retention Bonds are issued to replace that retention of a percentage of funds, thus allowing the contractor to be fully paid. BNU is a very active issuer of Retention Bonds.

Stand-by Letter of Credit

Stand-by Letters of Credit are issued to assist our customers to obtain financing or fulfilling financial obligations.

Please contact us to discuss how we can serve of your unique needs.