Performance Bank Guarantee (PBG)
Performance Bank Guarantee (PBG) services provide a financial instrument issued by a bank on behalf of a contractor or supplier, guaranteeing the fulfillment of contractual obligations. In essence, it acts as a security for the project owner, ensuring the contractor will meet their contractual commitments. If the contractor fails to perform as agreed, the beneficiary can claim the guarantee, and the bank will compensate for the losses.
Why Choose Our Services?
"Comprehensive PBG Issuance Protocol"
Upon issuance confirmation, we initiate an official communication confirming Performance Bank Guarantee (PBG) details to the beneficiary, execute secure delivery via SFMS (Structured Financial Messaging System), and provide the physical instrument (hard copy) in adherence to standard banking protocols.
"6 Steps to a Seamless PBG Delivery — Verified, Issued, Delivered!"
STEP-1
NCNDA Signing & Tender Submission:
We sign NCNDA & collect the beneficiary’s tender copy for validation.
STEP-4
Day 2- Final Issuance Confirmation:
Bank sends issuance confirmation mail to the beneficiary’s bank directly.
STEP-2
Document Evaluation & Genuineness Check:
Tender details are vetted for authenticity & compliance within 24 hrs.
STEP-5
Day 5-6 SFMS Transmission Executed:
SFMS hits beneficiary bank in 2–3 working days via secure transmission.
STEP-3
Day 1- Draft PBG with SFMS Details Shared:
We issue a PBG draft and SFMS format for beneficiary’s bank verification.
STEP-6
Day 7- Dispatch of Hard Copy Instrument:
Original PBG hard copy is sent to beneficiary via registered post or handed over in person.