Performance Guarantee in Construction – Performance Bond
                     Case Study: 
Bronze Wing Trading Issued 
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BronzCeo nWstruicntigon  oTnr Baehdalifn ofg a  Issued
Spanish Contractor
Performance Guarantee in
Construction on Behalf of a Spanish
Contractor
Presented by, 
www.importletterofcredit.
com
The Client’s Objectives
The Contractor is running a privately owned construction company in Spain. They have the track record of
completing several high rise building projects successfully. Recently, they contacted Bronze Wing Trading, the
Performance  Bond Providers  in  Dubai  to  avail  Performance  Guarantee  in  Construction  on behalf  of  their
company. 
The Client’s Requirement 
The developer in Madrid, Spain announced a bid for their high rise residential building project. The contractor
submitted their bid for the contest and won the tender.  The developer required some sort of assurance from
the contractor. So, they demanded Performance Guarantee in Construction before signing the contract. Since
this contract seems to be the profitable one, the contractor didn’t want to miss the project. So, they started
looking for the ways to avail Surety Bond on their company’s behalf. 
The Client’s Challenge
As the first step, the contractor contacted their banks with their PG request. Since the contractor exhausted
their credit lines & bank facilities in other projects, the banks were unable to proceed further with their request.
Then, the contractor approached private lenders to avail the bond. But they demanded certain percentage of
the total value of the project as cash margin. At that time, the financial situation of the contractor was down, so
they were unable to provide the cash margin. While searching online for Performance Bond Providers, they
came across with a Presentation published by us and contacted us with their MT760 request. 
The Client’s Success 
The Client contacted us by providing the contractual terms of their project & other related documents. We
analyzed their contract and approved their request. The Client visited our office in Dubai to sign the service
agreement and paid the admin fee. We structured their Performance Guarantee request by blocking our bank
limit  and sent the bond draft  for  their  approval.  The Client approved the draft  and paid the issuance fee
charges. After which, we instructed our bank to issue the Performance Guarantee in Construction on behalf of
the contractor and in favor of the developer. As per the request, our bank issued the Performance Guarantee to
the developer’s bank via authenticated Swift MT760. 
With Performance Guarantee, The Developer Signed the Agreement with the Contractor & The Contractor
Assured The Positive Completion of the Project Within the Set Time Period!
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