Bank Guarantee

To ensure the project progress of your business, BCM is well prepared all the time to cater your unprecedented needs. Varieties of bank guarantee are issued to companies in facilitating their project financing in different aspects or for different purposes:

Tender Bonds
It is dedicated to participants in tenders, for which the bank will guarantee the financing needs for the projects in case the bid is offered. The company can focus on other preparation work for the project without funding concerns.

Performance Bonds
With the bank as the guarantor, your project progress and completion will be ensured. Guarantee is a value-added element that will increase the quality of your project in terms of time and process performance. Increasing the competency of your company means giving extra benefit and confidence to your clients.

Advance Payment Bonds
By issuing advance payment bonds, you will be able to utilize the project funds in advance. The earlier you make use of the proceeds, the more chances for you business to grow, if you can use the fund in other projects.

Retention Bonds
Your company may need to refinance other projects by proceeds from previous proceeds. Retention bond is required when part of your proceeds tied up by your clients for claims. Therefore, you may consider retention bonds to release your finance pressure, as the bank can grant you the remaining payments for the retention portion.

Standby Letter of Credit
Standby Letter of Credit guarantees financial obligations will be made. When you own the business, assuring your vendors that they will receive payment is crucial to your reputation. It can be served as a substitute for a cash deposit of a bid, or for performance bonds.

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