Bid Bonds:
To ensure the seriousness of the offer to participate in government and non-governmental tenders and auctions and to ensure that the bidder's financial position is adequate.
Performance Bonds:
Issued for the purpose of ensuring the execution of works and associations. The Client shall refund this warranty if the required is implemented as agreed.
Financial Guarantee:
Issued as an obligation of the Bank to guarantee the customer to the beneficiary of the letter of guarantee in order to determine his ability to implement the agreed terms.
Advanced Payment Guarantee:
Issued in favor of the owner of the project for the purpose of securing the recovery of the value of the advance in the event of non-compliance with the agreed terms and conditions.