Advance Payment Guarantees
Advance Payment Guarantees
GetFunded - Open Development is one of the most trusted trade finance solution providers in the UK who is here to help you keep your supply chain moving smoothly in order to lead you to business growth.
Eliminate the risk of advance payment made, in your next contract with an advance payment guarantee with Pacific Corp. We’ll deliver a timely advance payment guarantee service guiding you through the process from start to finish without a hassle.
What is an Advance Payment Guarantee?
An advance payment guarantee secures refund of advance payments against default by the supplier or the contractor. It’s an on-demand bond, where the bondsman is bind to pay the amount of money set out in the bond immediately on demand, without having to meet any preconditions in the contract. Thus this is a bond that should be draft very carefully to set out the circumstances. An Advance payment guarantee expires when the contract is fulfilled and are commonly used in construction projects and in industrial supplies.
At GetFunded - Open Development, we offer simple and fast advance payment guarantee services for your situation. With a team of experts who have hands-on experience in the process, we’ll assure you a premium solution with exceptional customer service.