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Performance Guarantee

Description

Performance Guarantee services are provided by Bank of China Limited Macau Branch. A Performance Guarantee is issued by Bank of China, at the request of an awarded contractor or seller and in favor of an employer/main contractor (construction contract) or the buyer (sales contract) to guarantee that the contractor or seller shall perform the underlying contractual liabilities and obligations.

Features

1. A reputable Bank, acting as a guarantor, involved in bank guarantee and encourage the involved parties to expand their business;

2. Binds the parties to perform the contractual obligations.

Target Customers

1. Contractors involved in constructions;

2. Sellers involved in material procurements.

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