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Types of Guarantees:

  1. Tender Bonds
  2. Performance Bonds
  3. Miscellaneous Guarantees
  4. Advance Payment Guarantees


  • To safeguard against submitting inadequate tenders
  • To reinforce the contractual relationship between buyer and seller
  • To secure advance payment
  • To ensure that contractual obligation are met on time
  • As back-up security.

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