Construction Bond
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Solution: BWT Provided Bid Bond in Favor of the
Developer
Our team carefully analyzed their contractual document & approved their
request. The client signed the service agreement with us & paid the admin
charges to initiate the transaction.
Then, we sent the Bid Bond draft for their approval. Also, we asked them to
pay the Bid Bond issuance fee & provide required documents to proceed with
the issuance of Bond.
After receiving the draft approval, documents & charges, we instructed our
bank to issue the required Bid Bond to the developer’s bank via
authenticated Swift MT760.
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