The FBNBank Advance Payment Guarantee enables customers receive advance payment for contracts in furtherance of executing key projects.
- There should be evidence of major past contract awards
- Customer must have executed similar contracts in the past
- Helps customers facilitate the execution of contracts
- Application letter
- Certificate of registration of business entity
- Evidence of previous contracts
- Contract letters and full contract documents
- Bill of quantities for a construction contract
- Audited financials
- Company’s financials
- Other Banks’ statement of account of 12 months preceding application
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