Surety Bond – MT760 - Performance Bond Providers
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Transcript of Surety Bond – MT760 - Performance Bond Providers
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● Case Study:
● Bronze Wing Trading Provided
Performance Guarantee in Construction for a Spanish Contractor
Presented bywww.importletterofcredit.com
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Success Story Overview
A Spanish Contractor signed millions dollar worth of
building project by availing Performance Guarantee in
Construction from Bronze Wing Trading.
Problem SolutionChallenge
The Developer & The Contractor Signed the Agreement
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Problem: The Contractor Required Performance Guarantee
A Developer in Madrid announced a tender for their high
rise building project. The contractor submitted their bid &
won the contract.
Before signing the contract, the developer demanded for
the Performance Guarantee on behalf of the contractor and
in favor of their company.
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Challenge: How to Avail Performance Guarantee
The Contractor contacted their bank with a request to avail
the required guarantee on their behalf. Since they
exhausted their bank facilities, they were unable to avail
from their bank.
Also, since they don’t have enough hard cash in their hands,
it was not possible for them to avail the bond from private
lenders. While searching for performance bond providers on
Google, they came across to one of our infographic post &
then, they contacted us via email.
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Solution: BWT Issued the Required Guarantee
Upon the receipt of their request, we studied their
contractual terms and approved their request. Then, the
client visited our office to sign the agreement and paid the
admin charges.
Then we structured their performance bond by blocking our
bank limit & sent the draft for the client’s review. The client
approved the draft and paid the issuance fee charges.
Accordingly, we instructed our bank to issue the
Performance Bond on behalf of the contractor to the
developer’s bank via authenticated Swift MT760.
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Success: The Developer Signed the Agreement with the Contractor
After receiving the Performance Guarantee, the
Developer signed the agreement with the
Contractor.
This is how the Deal Concluded Successfully!
Read the Full Story
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Avail Performance Bond From Us
Bronze Wing Trading L.L.C. Provides Performance Bond From Rated Banks On Behalf of Your Company!
Apply Performance Bond Now!
Contact Bronze Wing Trading L.L.C.!
No Cash Margin! No Hidden Fees!
Apply Performance Bond
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00971-4-5519699
Office 3002, 30th Floor,Aspect Tower, Al-Sa'ada Street, Business Bay, Dubai,United Arab Emirates.
Avail Performance Bond From Us Without Blocking
Cash Funds!
Contact Bronze Wing Trading L.L.C.
Visit us: www.importletterofcredit.com