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What is the procedure of taking a bank guarantee?

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Question added by duncan Ochieng
Date Posted: 2016/03/15
Deepak Thapa
by Deepak Thapa , Business Manager , Seven Seas Group

The process is very simple, depending on the contrat what kind of bank guarantee. Normally in a service sector, we do performance bond where you provide the customer or  client a % of the contract  valve, resloving to fulfilled the service or product.  

Taking the bank guarantee is easy, the customer will give you the bond and giving a bond, go to your bank and fill the form. 

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