The letters of tenders offered to governmental bodies and the like, this is the beneficiaries of the implementation of the tender normally ask cash deposit or letter of guarantee primary from the companywhich is anchored by tender, in order to ensure that Nkolha in the implementation of the contract and the confiscation of the amount ofdiscourse in the case of Alinkol.
This procedure protects the beneficiaries of the tender, as it isundergoing a period of time between the submission of the tender and the signing of the contract may change the prices is not in favorof the tender was awarded, or you may discover that there is an errorin its estimates Finkel to sign the contract, which caused damage to those beneficiaries. And ends with a primary effect of the letter of guarantee in case of not placing the bid to the contracting company,and also when landing the bid to the grantor and his signing of the contract.
التسميات
Letters of Guarantee