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Retention Money Guarantee

Description

Retention Money Guarantee services are provided by Bank of China Limited Macau Branch. A Retention Money Guarantee is issued by Bank of China, at the request of a contractor/seller and in favor of an employer/purchaser to guarantee that the contractor/seller shall continue to perform contractual obligation after releasing full amount upon delivery of the goods or completion of the project without any retention monies being held.

Features

1. Reduce cash injection in a contract;

2. Receive full amount payment in advance and gain profits.

Target Customers

1. Contractors involved in construction;

2. Sellers involved in material procurement.

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