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Bronze Wing Trading L.L.C. publishes this document to share their success on assisting a UAE based construction contractor to avail advance payments from their developer by providing Payment Guarantee in their favor. To read the full story, click here https://www.bwtradefinance.com/payment-guarantee-in-construction/ To avail Advance Payment Guarantee to get advance payments from your developer, submit your requirements to us at [email protected] or call us at +97145519699. We will help you to avail MT760 Guarantee within 2-3 working days.
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A Construction Company Availed
Payment Guarantee in Construction from
Bronze Wing Trading
Case Study
A Construction Company in UAE required Advance Payment Guarantee to avail
Advance Payment from their developer to meet the significant cost of the project.
Bronze Wing Trading L.L.C., the leading trade finance provider in Dubai helped the
contractor by providing Advance Payment Guarantee on their behalf.
Presented by www.bwtradefinance.com
Submit Your Requirements to: [email protected] or Call Us @ 0097145519699 or Visit: www.bwtradefinance.com
The Client’s Requirement
The leading construction company in Dubai signed a high-rise residential building project
with a developer in UAE. To execute the process and to mobilize the work, the contractor
required advance payment from the developer. To secure the advance payment, the
developer demanded Advance Payment Guarantee from the contractor.
The Challenge Faced by the Client to Avail Advance Payment Bond
The Contractor contacted their bank to avail Payment Guarantee in Construction. But as
per the bank’s criteria, the Contractor should deposit 100% of the required bond value as
cash margin. Since the contractor was unable to liquidate the cash funds, the bank
declined their request. So, the contractor had left with no idea on how to avail Advance
Payment Guarantee. As a ray of hope, the Contractor received a newsletter from Bronze
Wing Trading regarding the services we provide for contractors. After reading the
newsletter, the Contractor felt happy as they found the solution for their problem and
contacted us with their request.
The Solution We Offered to the Client
Once we received the request from the Contractor, our team did a detailed study on their
construction contract. Since they fulfilled all our terms and conditions, we approved their
request. The contractor signed the service agreement with us and transferred the admin
charges to our bank account. Instantly, we started working on their transaction by blocking
our bank limit and sent the required bond draft for their approval. The Client approved the
draft and paid the issuance fee charges to us. Immediately, we instructed our bank to issue
the required Payment Guarantee in Construction on behalf of the Contractor and in favor of
the developer. Accordingly, our bank issued the Payment Guarantee to the developer’s bank
account via authenticated Swift MT760.
The Developer Received the Bond Within 2-3 Working Days!
After Receiving the Advance Payment Guarantee, They Issued the Advance Payments to the
Contractor to Mobilize the Project!
Read the Full Story
Are You Looking to Avail Advance Payment Guarantee to Avail Advance Payment to Mobilize
your Project or Trade Deal?
Contact Us Today!
