Performance Bank Guarantee (for Supply Equipment and Materials)

A Performance Bank Guarantee (PBG) for supply deals is a type of financial instrument issued by a bank on behalf of a supplier (or contractor) to guarantee the satisfactory performance of their contractual obligations related to the supply of goods or services. It assures the buyer (or beneficiary) that the supplier will fulfill their contractual commitments as per the terms and conditions of the agreement.

PBGs are typically irrevocable, meaning that they cannot be canceled or modified without the consent of both the buyer and the supplier.

Payment under the guarantee is usually conditional upon the buyer providing evidence or documentation proving the supplier’s non-performance or breach of contract.

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This easy to use and legally verified “Performance Bank Guarantee (PBG) ” template is in editable MS Word format and is prepared in 2 pages.

Word (.doc)

This easy to use and legally verified “Performance Bank Guarantee (PBG) ” template is in editable MS Word format and is prepared in 2 pages.

The templates mostly include some words, phrases, tables, or paragraphs that should be replaced with specific information related to your case. For example:

Blue italicized text enclosed in square brackets [text] provides instructions to the document author or describes the intent, assumptions, and context for content included in this document.

Word(s) or expressions marked in blue in the text without brackets indicate a field that needs to be modified depending on your specific case or project or can still be used as suggested.

Text and tables in black are provided as examples of wording and formats that may be used or modified as appropriate to a specific case or project. These are offered only as suggestions to assist in developing documents; they are not mandatory formats.

Note: Before using your final prepared documents DO NOT FORGET to delete the Disclaimer in the footage.

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