Performance guarantee
Protecting your interests at every stage
About the guarantee
A performance guarantee ensures that the bank secures proper fulfilment of the contract by the contractor, including the completion of work or delivery of goods.
Benefits of use
Ensuring contract fulfilment
Financial security for the client
Enhancing trust and the bidder’s reputation
Ensuring stability and minimising business risks
Guarantee terms
Currency | UAH, USD, EUR |
Issuance of the guarantee | 1% or 3% annually |
Confirmation of the guarantee by an international bank | From 1% annually |
Processing and acceptance of a demand for payment under the guarantee | UAH 850 |
Notification of the guarantee | UAH 850 |
Performance guarantee
1
Contract signing
2
Application for a guarantee (agreement)
3
Issuance of the guarantee
4
Non-fulfilment / breach of contractual obligations
5
Demand for payment under the guarantee
6
Verification of the demand and payment under the guarantee