Repayments Secured
When the obligee (owner) is pre-financing a contract, a bond known as a mobilization advance bond is necessary. This bond allows him to guarantee the return of the advance.
Preliminary Information Required
- Latest Company Profile
- Last Three Years Audit Balance Sheet
- Bank Certificate
- Last Six Months Bank Statement
- Copy of Owner’s Valid CNIC
- Request Letter of Client mentioning the required amount of Guarantee Contract Value, Time Period Required, and Description of Contract
- Bond Specimen (wording)
- Signed Copy of Contract
- Work Order
- List of Authorized Signatories
- Valid PEC License
- FBR Certificate
- Detail of Work in Hand
- Detail of Work Completed