Guarantees

BNU can issue different kinds of Banking Guarantees to meet your project needs, including:

Bid Bond

Bid Bond are for tendering specific work or project.

Performance Bond

performance Bond assures project owner for timely completion of projects and work and therefore increases the chances that clients’ offers are accepted.

Advance Payment Bond

Advance Payment Bond requires clients to receive contract proceeds in advance during the stages of project implementation.

Retention Bond

It is common practice that project owner retains certain percentage of contract price for a period of time in order to cover eventual claims against contractor. Retention Bond is issued to cover the fund retention thus allowing contractors to be fully paid.


To find out more, please email us or call us to arrange an in-depth discussion to tailor your financial needs.