Performance Guarantee
A Performance Guarantee (PG) is a banking instrument that provides a financial guarantee to a project owner (Beneficiary) that a contractor (Applicant) will perform the contract in accordance with the terms and conditions agreed upon.
Service Details
Performance Guarantee (PG)
Empowering your business to reach higher goals with bank-backed trust.
Service Overview
A Performance Guarantee is a banking instrument where Yadanarbon Bank provides a financial undertaking to a project owner (Beneficiary) ensuring that you (the Applicant) will complete the contract according to the agreed terms and quality standards.
Guarantees 5% to 10% of the contract value to secure project completion.
Valid throughout the project duration and maintenance period.
Flexible security via Fixed Deposits, Property, or Cash Margins.
Application Requirements
- Letter of Award (LOA) or signed Contract Agreement.
- Valid Company Registration and Business License.
- Latest Financial Statements or Audit Reports.
- Collateral Documents (Fixed Deposit Receipt or Property Title).