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This document is published by Bronze Wing Trading to share their success on providing Advance Payment Bond on behalf a contractor to avail Advance Payment from their developer. Click: https://www.bwtradefinance.com/advance-payment-bond/ <br>Contact us now to avail Advance Payment Bond from us! For more info, email: support@bwtradefinance.com or call us @ 0097145519699.<br>
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Case Study Real Estate Contractor Received their Advance Payment with Advance Payment Bond Facilitated by Bronze Wing Trading Presented by www.bwtradefinance.com
Story Overview A Real Estate Contractor contacted Bronze Wing Trading to avail Advance Payment Bond on behalf of their construction company to get advance payment from their developer. Problem Challenge Solution Contractor Availed Advance Payment For their Developer
Problem: The Real Estate Contractor Required Advance Payment Bond A real estate contractor with good reputation signed the contract to undertake a huge construction project. To meet the initial cost of mobilizing the project, the contractor required advance payment from their developer. Even though, the contractor had a good record, the developer demanded the contractor to provide the Advance Payment Bond to secure their advance payment.
Challenge: To Avail Advance Payment Bond on Behalf of Their Company The Contractor approached their bank and many private sectors to avail Advance Payment Bond on behalf of their company. But all they set more demands to issue MT760. After doing a long search to find a way to avail advance payment bond, the contractor got in touch with a local broker, who assured them that they can assist to avail Advance Payment Bond on their behalf.
Solution: The Scope of Our Work The broker contacted us with the client’s request. They explained the client’s requirement & provided all the related documents to us. We studied their contract documents & approved their request. After the service agreement signed and paid the admin charges, we started the work on their transaction. Then, we blocked our bank limit to structure their deal and sent the Advance Payment Bond draft for their approval. The client approved the draft and paid the issuance fee charges. Later, we instructed our bank to issue the advance payment guarantee to the developer’s account via Swift MT760.
End Result: The Developer Provided the Advance Payment to the Contractor After receiving the Advance Payment Bond in their favor, the developer provided Advance Payment to the contractor to mobilize the construction work of the project. Read the Full Story Here Read Our Clients Reviews
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