Advance Payment Guarantees
Upon the completion of a successful contract bidding process, you may require an advance
payment from your client for mobilization before commissioning or commencement of the project.
Such advance payments may be required to procure materials or supplies necessary for the
immediate commencement of the contract.
However, the procuring entity will often require a guarantee that this advance payment will be used exclusively in discharging the obligations of the contract hence the advance payment guarantee.
Top Guarantees Limited through our partner banks allows you to access upto 80% of the APG'S money.