For corporate customers who have, or would like to have, an appropriate facility with us, we are able to issue a range of guarantees including Tender, Advance Payment and Performance Guarantees.
Indicates to your buyer that you’re a serious bidder for a contract and is often required when a seller submits a tender.
Guarantees a penalty sum payment in the event of a buyer claim when terms of the contract have not been fulfilled. This type of guarantee is often required whilst a Tender Guarantee is still in place, and may be issued in addition to an Advance Payment or Retention Guarantee.